Acme Company, a retailer, is preparing its selling and admin…
Acme Company, a retailer, is preparing its selling and administrative expenses budget for the month of June. Sales are budgeted at $500,000 for May, $450,000 for June, and $550,000 for July. Selling expenses are budgeted at $9,000 plus a percentage of monthly sales revenue. The selling expenses budget for the month of May is $24,000. Budgeted fixed administrative expenses include rent of $17,000 and depreciation expense of $7,100. Variable administrative expenses are budgeted at 4% of monthly sales revenue. Capital expenditures related to fixed assets used in selling and administrative activities are budgeted at $5,750 for the month of June. What are the budgeted cash payments for selling and administrative operating expenses for the month of June?