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My Courses Homework: Topic 3 Homework (Chapter 22) Course Home Assignments Study Plan Score: 0 of 30 pts 4 of 4 (2 complete) HW Score: 16.67%, 10 of 60 pts E22A-34 (similar to) Question Help • Jezaret, Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget for the nine months ended September 30, 2016. follow (Click the icon to view the sales budget and inventory, purchases, and cost of goods sold budget.) Jezaret's selling and administrative expenses include the following (Click the icon to view the expenses.) Results Pearson e Text Prepare a selling and administrative expense budget for each of the three quarters of 2016 and totals for the nine-month period. Document Sharing Multimedia Library Chapter Resources arrect: 1 Jezaret, Inc. Selling and Administrative Expense Budget Nine Months Ended September 30, 2016 Quarter Quarter Ended Ended March 31 June 30 Quarter Dynamic Study Modules Ended Nine-month 30) September 30 Total Communication Tools Variable expenses: Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer All parts showing

Answer 1

Jezaret , INC. Selling and Administrative Expense Budget Nine Months Ended September 30, 2016
	Quarter Ended			total
	Mar. 31	Jun. 30	Sep. 30
Variable expenses:
Commissions Expense (5% of sales)	$7250	$9750	$8500	$25500
Miscellaneous Expenses (3% of sales)	4350	5850	5100	15300
	11600	15600	13600	40800
Total Variable Expenses
Fixed Expenses:
Rent Expense	3100	3100	3100	9300
Salaries Expense	4000	4000	4000	12000
Depreciation Expense	1500	1500	1500	4500
Total Fixed Expenses	8600	8600	8600	25800
Total Selling & Administrative Expenses	$20200	$24200	$22200	$66600

145000*5% = 7250

195000*5% = 9750

170000*5% = 8500

145000*3% =4350

195000*3% =5850

170000*3% =5100