Solved: What are budgeted selling and administrative expenses for, Accounting Basics

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What are budgeted selling and administrative expenses for

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Walnut has forecast sales for the next three months as follows: July 4,000 units, August 6,000 units, September 7,500 units. Walnut's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,500 units. Selling and administrative costs are budgeted to be $15,000 per month plus $5 per unit sold. What are budgeted selling and administrative expenses for September?

a. $52,500
b. $32,500
c. $30,000
d. $67,500

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