Answer
Selling and administrative expense Budget |
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For the period ended 30 June 2020 |
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Q1 |
Q2 |
Six Months |
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Budgeted sales in units |
20700 |
22500 |
|
Variable expenses: |
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Sales Commission |
$24,840 |
$27,000 |
$51,840 |
Delivery expenses |
$9,936 |
$10,800 |
$20,736 |
Advertising |
$14,904 |
$16,200 |
$31,104 |
Total Variables |
$49,680 |
$54,000 |
$103,680 |
Fixed expenses: |
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Sales salaries |
$10,300 |
$10,300 |
$20,600 |
Office Salaries |
$6,310 |
$6,310 |
$12,620 |
Depreciation |
$4,350 |
$4,350 |
$8,700 |
Insurance |
$1,650 |
$1,650 |
$3,300 |
Utilities |
$890 |
$890 |
$1,780 |
Repair expenses |
$710 |
$710 |
$1,420 |
Total Fixed |
$24,210 |
$24,210 |
$48,420 |
Total Selling & administrative expenses |
$73,890 |
$78,210 |
$152,100 |
--Working
Variable expenses: |
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Sales Commission |
=20700*24*5% |
=22500*24*5% |
Delivery expenses |
=20700*24*2% |
=22500*24*2% |
Advertising |
=20700*24*3% |
=22500*24*3% |
Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget....
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