Homework Answers
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Option D is the answer Variable cost of selling |
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Variable cost of selling is included in the selling and administrative expenses budget. Comment if you face any issues. Thank you |
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The selling and administrative expenses budget includes a. fixed production expense. Ob. overhead. c. cost of...
Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses...
Elbert Company classifies its selling and administrative expense
budget into variable and fixed components. Variable expenses are
expected to be $24,000 in the first quarter, and $4,000 increments
are expected in the remaining quarters of 2017. Fixed expenses are
expected to be $40,000 in each quarter.
Prepare the selling and administrative expense budget by quarters
and in total for 2017.
ELBERT
COMPANY
Selling and Administrative Expense Budget
For
the Quarter Ending December 31, 2017For the Year Ending December
31, 2017December...
The company’s variable selling and administrative expense per unit is $3.30. Fixed selling and administrative expenses i...
The company’s variable selling and administrative expense per
unit is $3.30. Fixed selling and administrative expenses include
advertising expenses of $11,000 per quarter, executive salaries of
$53,000 per quarter, and depreciation of $33,000 per quarter. In
addition, the company will make insurance payments of $4,000 in the
first quarter and $4,000 in the third quarter. Finally, property
taxes of $7,200 will be paid in the second quarter.
Required:
Prepare the company’s selling and administrative expense budget
for the upcoming...
Wala Inc. bases its selling and administrative expense budget on the number of units sold. The...
Wala Inc. bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $4.20 per unit. The budgeted fixed selling and administrative expense is $30,310 per month, which includes depreciation of $3,580. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget shows 2,600 units are planned to be sold in July. Required: Prepare the selling and administrative expense budget for July. July Fixed selling...
15) Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget sh...
15) Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 1,300 units are planned to be sold in March. The variable selling and administrative expense is $4.20 per unit. The budgeted fixed selling and administrative expense 18 $19,240 per month, which includes depreciation of $3,380 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling...
Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget...
Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 2,000 units are planned to be sold in March. The variable selling and administrative expense is $4.70 per unit. The budgeted fixed selling and administrative expense is $35,700 per month, which includes depreciation of $3,500 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling and...
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....
The Selling and Administrative Budget typically includes only fixed corporate expenses. True False
The Selling and Administrative Budget typically includes only fixed corporate expenses. True False
Traditional Format Sales Cost of goods sold $12,000 Selling and administrative expenses: Selling Administrative Net operating...
Traditional Format Sales Cost of goods sold $12,000 Selling and administrative expenses: Selling Administrative Net operating income $3,100 1,900 Contribution Format $12,000 Sales 6,000 Variable expenses 6,000 Cost of goods sold $6,000 Variable selling 600 Variable administrative 400 5,000 Contribution margin $ 1,000 Fixed expenses: Fixed selling 2,500 Fixed administrative 1,500 Net operating income 7,000 5,000 4,000 $ 1000 For a manufacturing company, the cost of goods sold would include some variable costs, such as direct materials, direct labor, and...
Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable...
Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $25,920 in the first quarter, and $5,400 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $40,440 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2017. ELBERT COMPANY Selling and Administrative Expense Budget > Quarter Year Variable expenses Fixed expenses Total selling and administrative expenses but...
Wala Inc. bases its selling and administrative expense budget on the number of units sold. The...
Wala Inc. bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $4.60 per unit. The budgeted fixed selling and administrative expense is $30,200 per month, which includes depreciation of $3,470. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget shows 3,500 units are planned to be sold in July. Required: Prepare the selling and administrative expense budget for July.
Elbert Company classifies its selling and administrative expense
budget into variable and fixed components. Variable expenses are
expected to be $24,000 in the first quarter, and $4,000 increments
are expected in the remaining quarters of 2017. Fixed expenses are
expected to be $40,000 in each quarter.
Prepare the selling and administrative expense budget by quarters
and in total for 2017.
ELBERT
COMPANY
Selling and Administrative Expense Budget
For
the Quarter Ending December 31, 2017For the Year Ending December
31, 2017December...
The company’s variable selling and administrative expense per
unit is $3.30. Fixed selling and administrative expenses include
advertising expenses of $11,000 per quarter, executive salaries of
$53,000 per quarter, and depreciation of $33,000 per quarter. In
addition, the company will make insurance payments of $4,000 in the
first quarter and $4,000 in the third quarter. Finally, property
taxes of $7,200 will be paid in the second quarter.
Required:
Prepare the company’s selling and administrative expense budget
for the upcoming...
Wala Inc. bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $4.20 per unit. The budgeted fixed selling and administrative expense is $30,310 per month, which includes depreciation of $3,580. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget shows 2,600 units are planned to be sold in July. Required: Prepare the selling and administrative expense budget for July. July Fixed selling...
15) Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 1,300 units are planned to be sold in March. The variable selling and administrative expense is $4.20 per unit. The budgeted fixed selling and administrative expense 18 $19,240 per month, which includes depreciation of $3,380 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March 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....
Traditional Format Sales Cost of goods sold $12,000 Selling and administrative expenses: Selling Administrative Net operating income $3,100 1,900 Contribution Format $12,000 Sales 6,000 Variable expenses 6,000 Cost of goods sold $6,000 Variable selling 600 Variable administrative 400 5,000 Contribution margin $ 1,000 Fixed expenses: Fixed selling 2,500 Fixed administrative 1,500 Net operating income 7,000 5,000 4,000 $ 1000 For a manufacturing company, the cost of goods sold would include some variable costs, such as direct materials, direct labor, and...
Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $25,920 in the first quarter, and $5,400 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $40,440 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2017. ELBERT COMPANY Selling and Administrative Expense Budget > Quarter Year Variable expenses Fixed expenses Total selling and administrative expenses but...
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