Solved

Green Garden Inc

Question 67

Multiple Choice

Green Garden Inc.bills and pays selling and administrative expenses the month after they occur.Selling and administrative expenses have both a fixed and a variable component.The fixed component is a constant $47,000 a month.The variable component equals 15 percent of revenues.Given revenues of $800,000 for March,$950,000 for April,and $925,000 for May,what would be the budgeted selling and administrative expenses that would be paid in April?


A) $167,000
B) $142,500
C) $189,500
D) $185,750

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents