Bigelow company budgets payroll at 4000 per month plus a

Reference no: EM13568287

Bigelow Company budgets payroll at $4,000 per month plus a percentage of monthly sales. The June operation expense budget includes total payroll of $12,000 with budgeted sales of $160,000. Sales for July are budgeted at $180,000 while purchases of inventory for July are budgeted at $95,000. Depreciation and insurance for July are estimated at $1,000 and $600. Office and adminstrative expenses related to purchasing inventory are budgeted at 10% of purchases for the month. The purchase of $2,500 in equipment and $1,500 in furniture is expected in July.

The total operating expenses budgeted for July are?

Reference no: EM13568287

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