October November DecemberBudgeted S&A ExpensesSalary Expense10,000 10,500 11,000Sales Commissions 5% of Sales.5,3005,000 5,5002,000Insurance Expense2,0002,000Rent2,4002,4002,4001,5001,5001,500Depreciation on equipmentUtilities1,1001,3001,500Total Operating Expenses22,00023, 20023,700Schedule of Cash Payments for S&AExpensesSalary Expense?10,500?100% of Prior Month Sales5,100??CommissionsInsurance Expense2,0002,000?2,0002,400Rent?100% of Prior Months Utilities1,200??ExpenseTotal Payments for S&A Expenses???What is the total amount of S&A expenses for the fourth quarter that the company will report on its pro forma income statement?Multiple Choice$64,400$68,900$23,700$63,900

Solution Concept Selling and administrative expense The expenses that is incurred in…

Answered: What is the total amount of S&A…

What is the total amount of S&A expenses for the fourth quarter that the company will report on its pro forma income statement? Multiple Choice

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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