Shay, Inc., is preparing its master budget for the quarter ending March 31. It s

Question

Shay, Inc., is preparing its master budget for the quarter ending March 31. It sells a single product for $25 per unit. Budgeted sales for the next four months follow January February March April 1,400 Sales in units 1,2001, 1,000 1,600 In addition, sales commissions are 10% of sales and the company pays a sales manager a salary of $5,000 per month Sales commissions and salaries are paid in the month incurred Prepare a selling expense budget for January, February, and March, (Omit the"S" & .%" signs in your response.) SHAY INC Selling Expense Budget For January, February, and March January February March Budgeted sales Sales percent Sales commissions Sales manager monthly salary Total selling expenses

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer and please give thumbs up   Statementshowing Computations Paticulars January February March April Sales in units              1,200.00              1,000.00              1,600.00              1,400.00 Sales price per unit                    25.00                    25.00                    25.00                    25.00 Budgeted Sales in $            30,000.00            25,000.00            40,000.00            35,000.00 Sales commission in % 10% 10% 10% 10% Sales commission in $              3,000.00              2,500.00              4,000.00              3,500.00 Sales manager monthly Salary              5,000.00              5,000.00              5,000.00              5,000.00 Total Selling expenses              8,000.00              7,500.00              9,000.00              8,500.00

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