Question:
Lahay Inc. bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $4.30 per unit. The budgeted fixed selling and administrative expense is $30,240 per month, which includes depreciation of $3,510. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget shows 2,700 units are planned to be sold in April.
Required:
Calculate the selling and administrative expense for April. (Omit the "tiny_mce_markerquot; sign in your response.)
Cash disbursement for selling and administrative expenses $ _______________
What is the cash disbursement amount? Please help