The Stacy Company Makes and Sells a Single Product: Product

Multiple Choice

The Stacy Company makes and sells a single product: Product R.Budgeted sales for April are $300,000.Gross margin is budgeted at 30% of sales dollars.If the net income for April is budgeted at $40,000,what are the budgeted selling and administrative expenses?

A) $50,000.
B) $78,000.
C) $102,000.
D) $133,333.