Answers for all Exercise 9-12 Kirkland Company combines its operating expenses f

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Exercise 9-12 Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of are available. 1. Sales: 20,300 units quarter 1; 22,000 units quarter 2. 2. variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 4. Unit selling price: $22 Prepare a selling and administrative e 3. Fixed costs per quarter: sales costs per quarter: sales salaries $10,200, office salaries s6,160, depreciation $4,730, insurance $1,660, utilities $890, and repairs expense $10,20 administrative expense budget by quarters for the first 6 months of 2017. (List variable expenses before KIRKLAND COMPANY Selling and Expense Budget Quarter Six Months version 4.24.82

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Solution 9-12:

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Kirkland Company Selling and administrative expenses budget Particulars Quarter 1 Quarter 2 Total Budgeted sales $446,600.00 $484,000.00 Variable selling and administrative expenses: Sales Commissions $22,330.00 $24,200.00 $46,530.00 Delivery Expense $8,932.00 $9,680.00 $18,612.00 Advertising $13,398.00 $14,520.00 $27,918.00 Total Variable selling and administrative expenses $44,660.00 $48,400.00 $93,060.00 Fixed Selling and administrative expenses: Sales Salaries $10,200.00 $10,200.00 $20,400.00 Office salaries $6,160.00 $6,160.00 $12,320.00 Depreciation $4,730.00 $4,730.00 $9,460.00 Insurance $1,660.00 $1,660.00 $3,320.00 Utilities $890.00 $890.00 $1,780.00 Repairs expense $610.00 $610.00 $1,220.00 Total Fixed selling and administrative expenses $24,250.00 $24,250.00 $48,500.00 Total Selling and administrative expenses $68,910.00 $72,650.00 $141,560.00

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