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Author Question: Murphy Company produces and sells only one product, heavy-duty cargo carriers for trucks. The ... (Read 21 times)

ddddddddddeeee4444

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Murphy Company produces and sells only one product, heavy-duty cargo carriers for trucks. The company is preparing its selling and administrative expense budget for the month. The following information has been provided to assist in the budgeting process.

Variable CostMonthly
Per Unit SoldFixed Cost
Sales commissions$0.50
Shipping5.00
Advertising1.25$   10,000
Executive salaries150,000
Depreciation on office equipment10,000
Other0.3015,000
All cash expenses are paid in the month they are incurred.

Required:

Murphy has budgeted to sell 5,000 units during July. Prepare the selling and administrative expense budget for July.


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Marked as best answer by ddddddddddeeee4444 on Feb 5, 2023

Nutellas_Good

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ddddddddddeeee4444

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Reply 2 on: Feb 5, 2023
Excellent


chereeb

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Reply 3 on: Yesterday
:D TYSM

 

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