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Business, 07.05.2020 00:13 Daisy254

Warshaw Company budgets payroll at $3,500 per month plus a percentage of monthly sales. The June operating expenses budget includes total payroll of $12,000

with budgeted sales of $170,000. Sales for July are budgeted at $130,000

while purchases of inventory for July are budgeted at $970,000. Depreciation and insurance for July are estimated at $1,300

and $800, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 55%

of purchases for the month. The purchase of $2,200in equipment and $2,000 furniture is expected in July. If the percentage of monthly sales used in budgeting payroll increases 30%,

what would the total payroll budgeted for July be?

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