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July June August Variable operating expenses: Sales commissions Marketing promotions Supplies Bad debts expense Utilities 0...
ABC Company's budgeted sales for June, July, and August are 12,200, 16,200, and 14,200 units respectively....
ABC Company's budgeted sales for June, July, and August are 12,200, 16,200, and 14,200 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $2,100; rent, $5,100; depreciation, $2,500; advertising, $3,300 Mixed costs: utilities, $3,100 + $0.60 per unit Variable costs per unit sold: sales commissions, $2.10; marketing promotions, $1.10; supplies, $0.80; bad debt expense, $0.30 Required: Prepare ABC Company's operating expense budget for June, July, and August. June July August...
ABC Company's budgeted sales for June, July, and August are 14,600, 18,600, and 16,600 units respectively....
ABC Company's budgeted sales for June, July, and August are 14,600, 18,600, and 16,600 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $3,300; rent, $6,300; depreciation, $3,700; advertising, $4,500 Mixed costs: utilities, $4,300 + $0.60 per unit Variable costs per unit sold: sales commissions, $3.30; marketing promotions, $2.30; supplies, $0.50; bad debt expense, $0,20 Required: Prepare ABC Company's operating expense budget for June, July, and August. June July August...
Exercise 9-12 Kirkland Company combines its operating expenses for budget purposes in a selling and administrative...
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 2020, the following data are available.
1.
Sales: 20,600 units quarter 1; 22,100 units quarter 2.
2.
Variable costs per dollar of sales: sales commissions 5%,
delivery expense 2%, and advertising 3%.
3.
Fixed costs per quarter: sales salaries $10,000, office
salaries $6,130, depreciation $4,760, insurance $2,010, utilities
$820, and repairs expense $610.
4.
Unit selling...
Exercise 9-12 Kirkland Company combines its operating expenses for budget purposes in a selling and administrative...
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 2020, the following data are available.
1.
Sales: 20,200 units quarter 1; 22,200 units quarter 2.
2.
Variable costs per dollar of sales: sales commissions 5%,
delivery expense 2%, and advertising 3%.
3.
Fixed costs per quarter: sales salaries $10,600, office
salaries $6,370, depreciation $4,580, insurance $1,630, utilities
$840, and repairs expense $650.
4.
Unit selling...
Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget....
Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available. 1. Sales: 20,700 units quarter 1; 22,500 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $10,300, office salaries $6,310, depreciation $4,350, insurance $1,650, utilities $890, and repairs expense $710. 4. Unit selling price: $24....
Johnson Company combines its operating expenses for budget purposes in a selling and administrative expense budget....
Johnson Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available. 1. Sales: 20,800 units quarter 1; 22,100 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $10,900, office salaries $6,480, depreciation $4,400, insurance $1,910, utilities $830, and repairs expense $640 4. Unit selling price: $21...
Rent Expense Utilities Expense Total Operating Expenses Income From Operations Other Expenses and Losses Interest Expense...
Rent Expense Utilities Expense Total Operating Expenses Income From Operations Other Expenses and Losses Interest Expense Loss on Disposal of Plant Assets Income Before Income Taxes 4 Income Tax Expense Net Income /(Loss) Assume the marketing department has presented a plan to increase advertising expenses by $340 million. It expects this plan to result in an increase in both net sales and cost of goods sold of 25%. (Hint: Increase both sales revenue and sales returns and allowances by 25%.)...
SPU, Ltd., has just received its sales expense report for January, which follows. Item Sales commissions...
SPU, Ltd., has just received its sales expense report for January, which follows. Item Sales commissions Sales staff salaries Telephone and mailing Building lease payment Utilities Packaging and delivery Depreciation Marketing consultants Amount $364,500 86,400 43,000 54,000 11,100 74.000 33,750 53,190 You have been asked to develop budgeted costs for the coming year. Because this month is typical, you decide to prepare an estimated budget for a typical month in the coming year and you uncover the following additional data:...
SPU, Ltd., has just received its sales expense report for January, which follows. Item Sales commissions...
SPU, Ltd., has just received its sales expense report for January, which follows. Item Sales commissions Sales staff salaries Telephone and mailing Building lease payment Utilities Packaging and delivery Depreciation Marketing consultants Amount $380,500 92,400 42,000 70,000 12,100 77,000 31,750 51,190 You have been asked to develop budgeted costs for the coming year. Because this month is typical, you decide to prepare an estimated budget for a typical month in the coming year and you uncover the following additional data:...
CALCULATOR PRINTER VERSION BACK NEXT Kirkland Company combines its operating expenses for budget purposes are available...
CALCULATOR PRINTER VERSION BACK NEXT Kirkland Company combines its operating expenses for budget purposes are available and administrative expense budget. For the first 6 months of 2020, the following data 1. 2. 3. 4. Sales: 20,800 units quarter 1: 22,000 units quarter 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3% Fixed costs per quarter: sales salaries $10,500, office salaries $6,270, depreciation $4,770, insurance $1,720, utilities $820, and repairs expense $670. Unit selling...
ABC Company's budgeted sales for June, July, and August are 12,200, 16,200, and 14,200 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $2,100; rent, $5,100; depreciation, $2,500; advertising, $3,300 Mixed costs: utilities, $3,100 + $0.60 per unit Variable costs per unit sold: sales commissions, $2.10; marketing promotions, $1.10; supplies, $0.80; bad debt expense, $0.30 Required: Prepare ABC Company's operating expense budget for June, July, and August. June July August...
ABC Company's budgeted sales for June, July, and August are 14,600, 18,600, and 16,600 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $3,300; rent, $6,300; depreciation, $3,700; advertising, $4,500 Mixed costs: utilities, $4,300 + $0.60 per unit Variable costs per unit sold: sales commissions, $3.30; marketing promotions, $2.30; supplies, $0.50; bad debt expense, $0,20 Required: Prepare ABC Company's operating expense budget for June, July, and August. June July August...
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 2020, the following data are available.
1.
Sales: 20,600 units quarter 1; 22,100 units quarter 2.
2.
Variable costs per dollar of sales: sales commissions 5%,
delivery expense 2%, and advertising 3%.
3.
Fixed costs per quarter: sales salaries $10,000, office
salaries $6,130, depreciation $4,760, insurance $2,010, utilities
$820, and repairs expense $610.
4.
Unit selling...
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 2020, the following data are available.
1.
Sales: 20,200 units quarter 1; 22,200 units quarter 2.
2.
Variable costs per dollar of sales: sales commissions 5%,
delivery expense 2%, and advertising 3%.
3.
Fixed costs per quarter: sales salaries $10,600, office
salaries $6,370, depreciation $4,580, insurance $1,630, utilities
$840, and repairs expense $650.
4.
Unit selling...
Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available. 1. Sales: 20,700 units quarter 1; 22,500 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $10,300, office salaries $6,310, depreciation $4,350, insurance $1,650, utilities $890, and repairs expense $710. 4. Unit selling price: $24....
Rent Expense Utilities Expense Total Operating Expenses Income From Operations Other Expenses and Losses Interest Expense Loss on Disposal of Plant Assets Income Before Income Taxes 4 Income Tax Expense Net Income /(Loss) Assume the marketing department has presented a plan to increase advertising expenses by $340 million. It expects this plan to result in an increase in both net sales and cost of goods sold of 25%. (Hint: Increase both sales revenue and sales returns and allowances by 25%.)...
SPU, Ltd., has just received its sales expense report for January, which follows. Item Sales commissions Sales staff salaries Telephone and mailing Building lease payment Utilities Packaging and delivery Depreciation Marketing consultants Amount $364,500 86,400 43,000 54,000 11,100 74.000 33,750 53,190 You have been asked to develop budgeted costs for the coming year. Because this month is typical, you decide to prepare an estimated budget for a typical month in the coming year and you uncover the following additional data:...
SPU, Ltd., has just received its sales expense report for January, which follows. Item Sales commissions Sales staff salaries Telephone and mailing Building lease payment Utilities Packaging and delivery Depreciation Marketing consultants Amount $380,500 92,400 42,000 70,000 12,100 77,000 31,750 51,190 You have been asked to develop budgeted costs for the coming year. Because this month is typical, you decide to prepare an estimated budget for a typical month in the coming year and you uncover the following additional data:...
CALCULATOR PRINTER VERSION BACK NEXT Kirkland Company combines its operating expenses for budget purposes are available and administrative expense budget. For the first 6 months of 2020, the following data 1. 2. 3. 4. Sales: 20,800 units quarter 1: 22,000 units quarter 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3% Fixed costs per quarter: sales salaries $10,500, office salaries $6,270, depreciation $4,770, insurance $1,720, utilities $820, and repairs expense $670. Unit selling...
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