The Cottonwood Company manufactures mattresses and has for sales volumes of $300,000, $350,000, and $400,000, based...
The Cottonwood Company manufactures mattresses and has for sales volumes of $300,000, $350,000, and $400,000, based on the following data:
| Sales commissions | 6% of sales |
| Sales manager's salary | $120,000 per month |
| Advertising expense | $90,000 per month |
| Shipping expense | 1% of sales |
| Miscellaneous selling expense | $6,000 per month plus 1.5% of sales |
Required:
Prepare a monthly flexible
selling expense budget for Cottonwood Company for December, 2016.
Refer to the lists of Labels and Amount Descriptions for the exact
wording of the answer choices for text entries. Be sure to complete
the statement heading.
|
Homework Answers
| Cottonwood Company | ||||
| Monthly Selling Expenses Budget | ||||
| For the Month Ending December 31, 2016 | ||||
| Sales volume $ | 300000 | 350000 | 400000 | |
| Variable expense: | ||||
| Sales commissions | 18000 | 21000 | 24000 | |
| Shipping expense | 3000 | 3500 | 4000 | |
| Miscellaneous selling expense | 4500 | 5250 | 6000 | |
| Total variable expense $ | 25500 | 29750 | 34000 | |
| Fixed expense: | ||||
| Sales manager's salary | 120000 | 120000 | 120000 | |
| Advertising expense | 90000 | 90000 | 90000 | |
| Miscellaneous selling expense | 6000 | 6000 | 6000 | |
| Total fixed expense $ | 216000 | 216000 | 216000 | |
| Total selling expense $ | 241500 | 245750 | 250000 | |
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The Cottonwood Company manufactures mattresses and has for sales
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