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Warshaw Company is preparing the June Budget. The June budget includes the following...

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Accounting

Warshaw Company is preparing the June Budget.

The June budget includes the following data:

Sales $100,000

Purchases of Merchandise $95,000

Depreciation $2597

Insurance $11805

Payroll expenses $5080 a month plus 2% of sales

Administration office expenses incurred to order purchases are budgeted at 5% of purchases of merchandise only

Purchase of equipment $4094

Research and Development 6% of sales

What is total operating expense for June?

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