Reference no: EM133972257
Problem
Out of It Classified Expenses Budget for the December quarter Marketing $ Admin $ Financial $ Total $ Wages and salaries 33,000 27,000 60,000 Depreciation of motor vehicles 3,600 3,600 Depreciation of fixtures and fittings 2,475 2,025 4,500 Stationery 2,700 2,700 Rent 1,800 1,800 Interest on loan 1,500 1,500 General 1,800 1,200 3,000 Bank charges 225 225 Advertising 16,800 16,800 Commissions 17,600 17,600 Cartage 8,800 8,800 Discount allowed 6,600 6,600 Payroll on-costs 1,650 1,350 3,000 Total budgeted expenses 85,725 36,075 8,325 130,125 Budgeted sales revenue: $440,000. Get the instant assignment help. Analyze data and information from the budget in relation to the depreciation of motor vehicles and explain the potential error.