Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

All operating expenses are paid in cash in the month incurred. If HDC expects to sell 20,000 units of inventory, the total budgeted selling and administrative expenses would be what amount on the January pro forma income statement

Sagot :

abiolataiwo2015

Answer:

$123,400

Explanation:

Calculation to determine what amount on the January pro forma income statement

Freight-out $5,000

(20,000 units x 0.25)

Depreciation on Admin. Equipment $10,000

Sales and Admin Sal. $46,400

[$40,000 + (.02 x $320,000)]

Advertising $12,000

Lease $45,000

Miscellaneous $5,000

Total $123,400

Therefore what amount on the January pro forma income statement is $123,400

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.