Solution-What is the estimated cash payment for marketing

What is the estimated cash payment for marketing expenses

Assignment Help Managerial Accounting

Reference no: EM133004779

A company is formulating its marketing expense budget for the last quarter of the year. Sales in units for the third quarter amounted to 4,000; sales volume for the fourth quarter is expected to increase by 10%. Variable marketing expense per unit sold amounts to approximately $0.05, paid in cash in the month of sale. Fixed marketing expense per month amounts to $10,000 of salaries, $5,000 of depreciation (delivery trucks), and $2,000 of insurance (paid monthly).

Required:

Problem a. What is the total budgeted marketing expense for the fourth quarter of the year?

Problem b. What is the estimated cash payment for marketing expenses for the fourth quarter?

Reference no: EM133004779

Questions Cloud

What is the estimated total cash collected in november : 70% collected in the month of sale and 30% collected in the following month. What is the estimated total cash collected in November? December?

What are direct material requirements for planned production : How many units of product were planned for production? What are the direct material requirements (in pounds) for planned production in the second quarter?

Describe the trading position : Describe the trading position created in which a call option is bought with strike price K1 and a put option is sold with strike price K2 when both have the sam

What are some of the big budget issues today : Two-thirds said their budgets would become obsolete.What are some of the big budget issues today which are effecting the budgeting of individuals or companies?

What is the estimated cash payment for marketing expenses : A company is formulating its marketing expense budget, What is the estimated cash payment for marketing expenses for the fourth quarter?

How do implement in the organization : Setting up controls/ownership for an IT budget - How do we implement in the organization and how you recommend implementing the same

Which statements is incorrect with regard to the machining : Under the? Stars, Inc. manufactures sleeping bags, Which statements is incorrect with regard to the machining? department's July?operations?

What would be the maximum price you would bid : On the day of t-bills bidding, what would be the maximum price you would bid for per bond that makes you indifferent between investing in the bonds

How does balance sheet be connected with each other : How does Balance Sheet, Net Income Statement, Cash Flow Statement be connected with each other and How can we used them separatel

User Account

All Pages

What is the estimated cash payment for marketing expenses

Reference no: EM133004779

Reference no: EM133004779

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT