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Please find below question: Last year, Best Buy had sales of $40,000, cost of goods sold (COGS) of 12,000, depreciation charge of $3,000 and selling,...
Please find below question:
Last year, Best Buy had sales of $40,000, cost of goods sold (COGS) of 12,000, depreciation charge of $3,000 and selling, general and administrative (SG&A) cost of $10,000. The interest costs were $2,500. Thirty-five percent of SG&A costs are fixed costs. If its sales are expected to be $60,000 this year, what will be the estimated SG&A costs this year?
$13,250
$12,667
$11,500
$10,636
$14,250
$12,000