Murphy Company Produces and Sells Only One Product, Heavy-Duty Cargo

Essay

Murphy Company produces and sells only one product, heavy-duty cargo carriers for trucks.The company is preparing its selling and administrative expense budget for the month.The following information has been provided to assist in the budgeting process. All cash expenses are paid in the month they are incurred.
Required:
Murphy has budgeted to sell 5,000 units during July.Prepare the selling and administrative expense budget for July.