Selling and administrative expense budget | |||
For the six months ending June 30,2020 | |||
Quarter | |||
1 | 2 | Six months | |
Budgeted sales in units | 20400 | 22800 | |
Variable expenses | |||
Sales commissions | 24480 | 27360 | 51840 |
Delivery expense | 9792 | 10944 | 20736 |
Advertising | 14688 | 16416 | 31104 |
Total variable | 48960 | 54720 | 103680 |
Fixed expenses: | |||
Sales salaries | 10400 | 10400 | 20800 |
Office salaries | 6290 | 6290 | 12580 |
Depreciation | 4780 | 4780 | 9560 |
Insurance | 1790 | 1790 | 3580 |
Utilities | 850 | 850 | 1700 |
Repairs expense | 630 | 630 | 1260 |
Total fixed | 24740 | 24740 | 49480 |
Total Selling and administrative expenses | 73700 | 79460 | 153160 |
tice Assignment Gradebook ORION Downloadable eTextbook CALCULATOR PULLS Exercise 9-12 Kirkland Company combines its operating expenses...
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 56,130, 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: 20,700 units quarter 1; 22,700 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 $6,120, depreciation $4,740, insurance $1,640, utilities $880, and repairs expense $680. 4. Unit selling...
Ki HelR I System Announcements 6e BACK NEXT Exercise 21-12 Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2017, the following data are available. 1. 2. 3. 4. Sales: 20,400 units quarter 1; 22,800 units quarter 2. Variable costs per dollar of sales: sales commissions 596, delivery expense 2%, and advertising 396. Fixed costs per quarter: sales salaries $10,400, office salaries $6,290, depreciation $4,780, insurance $1,790,...
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...
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: 20,500 units quarter 1; 22,600 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 $10,100, office salaries $6,230, depreciation $4,730, insurance $1,680, utilities $840, and repairs expense $690. 4. Unit selling price: $25....
Kimmel, Accounting, 7e Help I System Announcements tice Assignment Gradebook ORION Downloadable eTextbook ment CALCULATOR PRINTER VERSION NEXT 4 BACK Brief Exercise 10-03 Whispering Winds Corp. Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $12,075. All sales are subject to a 5% sales tax. Compute sales taxes payable. Sales taxes payable $ Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented...
Weygandt, Managerial Accounting, 7e WilayPLUSS Introductory Managerial Accounting tice Assignment Gradebook ORION Downloadable eTextbook Bent CALCULATOR HEVAGE HY INSTRUCTOR Brief Exercise 11-1 Lopez Company uses both standards and budgets. For the year estimated production of Product is 527,000 units. Total estimated cost for materials and labor are $1,264,800 and $1,686,400 Compute the estimates for (a) a standard cost and (b) a budgeted cost. (Round standard costs to 2 decimal places, .. 1.25.) Materials Labor (a) Standard cost $ (b) Budgeted...
help please! US Klein, Organic Chemistry, 3e Practice Gradebook Downloadable eTextbook Assignment ORION ssignment CES C08TO7Q8156 Give the major organic product(s) for the following reaction (without stereochemistry) - ? Br2 H2о Edit Click on the drawing box above to activate the MarvinSketch drawing tool and then draw your idy no reaction 2000-2019 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Ines Privacy PolicY 1 edugen.wileyplus.com/edugen/student/mainfr.uni LUS Klein, Organic Chemistry, 3e Gradebook Downloadable eTextbook...
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....
MANAGERIAL ACCO Weygandt, Managerial Accounting, Se tice Assignment Gradebook ORION Downloadable eTextbook ment LCULATOR FULL SCREEN PRINTER VERSI Exercise 9-13 (Part Level Submission) (Video) Fultz Company has accumulated the following budget data for the year 2020. 1. Sales: 31,360 units, unit selling price $87. 2. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $10 per hour, and manufacturing overhead $8 per direct labor hour. 3. Inventories (raw materials...