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Question
Dahl Manufacturing is making its operating budget for the 4th quarter of 2012. Sales are forecast at $60,000 in October, $65,000 in November, and $70,000 in December. Cost of goods sold it 40% of sales. Expenses are budgeted as follows:
Variable: Miscellaneous: 5% of sales
Fixed: Salary expense: $12,600 per month
Rent expense: $5,200 per month
Depreciation expense: $4,000 per month
Admin expense: $5,000 per month
How much are the total operating expenses in December?
A) $29,800
B) $30,300
C) $30,050
D) $29,990
Answer
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