Question - The Butterfly Corporation had the following information that pertained to its March budget:
Budgeted sales are $200,000 for February.
Collections of sales are 50% in the month of sale and 50% the next month.
Cost of goods sold averages 70% of sales.
Merchandise purchases total $150,000 in February.
Marketing costs are $3000 each month.
Administrative costs are $15,000 each month.
What is the amount budgeted for nonmanufacturing costs in February?