1Online teaching and learning resource from Cengage Leaming -Internet Explorer 2

Question

1Online teaching and learning resource from Cengage Leaming -Internet Explorer 2 I Online Exam #3-Chapter 6 Calculator Print Item Flexible Budget for Selling and Administrative Expenses Agent Blaze uses flexible budgets that are based on the following data: Sales commissions Advertising expense Miscellaneous selling expense Office salaries expense Office supplies expense Miscellaneous administrative expense Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $105,000, $130,000, and $160,000. (Use Ex 7% of sales 18% of sales $2,350 plus 4% of sales $16,000 per month 5% of sales $1,700 per month plus 3% of sales model.) Enter all amounts as positive numbers. Agent Blaze Flexible Selling and Administrative Expenses Budget 105,000 $130,00 $160,000

Explanation / Answer

FLEXIBLE SELLING AND ADMINISTRATIVE EXPENSES BUDGET For the month ending January 31, 2016 Total Sales - $ 105000 130000 160000 Variable cost: sales commissions (7%) 7350 9100 11200 advertising expense (18%) 18900 23400 28800 miscellaneous selling expense (4%) 4200 5200 6400 office supplies expense (5%) 5250 6500 8000 miscellaneous admin expense (3%) 3150 3900 4800 Total variable cost 38850 48100 59200 Fixed Cost: office salaries expense 16000 16000 16000 miscellaneous selling expense 2350 2350 2350 miscellaneous admn expense 1700 1700 1700 Total fixed cost 20050 20050 20050 TOTAL SELLING AND ADMN EXPENSES 58900 68150 79250

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