Question

The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is Other data for Grady Tire Com planning for the next year by developing a master budget by quarters. Grady's balance sheet for (Click the icon to view the December 31, 2018, follows: B (Click the icon to view the balance sheet.) Read the requirements Selling and Administrative Expense Budget For the Year Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter Quarter Total Depreciation Expense Direct Labor Direct Materials Insurance Expense Manufacturing Overhead Rent Expense c Salaries Expense Supplies Expense nput fields and then click Check Answer. Clear All 11 parts remaining

Answer 1

Selling and administrative expense Budget
	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Total
Supplies Expense	$            2,310	$              2,835	$           3,360	$           3,885	$           12,390
Salaries Expense	$         12,000	$            12,000	$         12,000	$         12,000	$           48,000
Rent Expense	$            5,400	$              5,400	$           5,400	$           5,400	$           21,600
Insurance Expense	$            1,200	$              1,200	$           1,200	$           1,200	$             4,800
Depreciation Expense	$            1,500	$              1,500	$           1,500	$           1,500	$             6,000
Total Selling and administrative expenses	$         22,410	$            22,935	$        23,460	$        23,985	$           92,790

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