Warshaw Company budgets payroll at $3,500 per month plus a percentage of monthly sales. The June operating expenses budget includes total payroll of $12,000

with budgeted sales of $170,000. Sales for July are budgeted at $130,000

while purchases of inventory for July are budgeted at $970,000. Depreciation and insurance for July are estimated at $1,300

and $800, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 55%

of purchases for the month. The purchase of $2,200in equipment and $2,000 furniture is expected in July. If the percentage of monthly sales used in budgeting payroll increases 30%,

what would the total payroll budgeted for July be?

What is the connection between digital transformation and customer experience

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400