The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by...
The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by the variable selling and administrative expense per unit.
Homework Answers
Answer:True.
Variable expenses vary with number of units.So Variable selling and administrative expense per unit will have to be multiplied by number of units sales,
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The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by...
When calculating the selling and administrative budgeted expense, this is calculated by multiplying the budgeted unit...
When calculating the selling and administrative budgeted expense, this is calculated by multiplying the budgeted unit sales by the selling and administrative expense per unit. True False
The selling and administrative expense budget of Choo Corporation is based on budgeted unit sales, which...
The selling and administrative expense budget of Choo Corporation is based on budgeted unit sales, which are 4,600 units for August. The variable selling and administrative expense is $7.30 per unit. The budgeted fixed selling and administrative expense is $51,980 per month, which includes depreciation of $6,440 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 August selling and administrative expense budget should be:...
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...
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...
Exercise 8-6 Selling and Administrative Expense Budget (LO8-7) Weller Company's budgeted unit sales for the upcoming...
Exercise 8-6 Selling and Administrative Expense Budget (LO8-7) Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: Budgeted unit sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 30,000 31.000 23.000 28.000 The company's variable selling and administrative expense per unit is $2.90. Fixed selling and administrative expenses include advertising expenses of $15,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $29.000 per quarter. In addition, the company will make insurance payments of...
Exercise 8-6 Selling and Administrative Expense Budget (LO8-7] Weller Company's budgeted unit sales for the upcoming...
Exercise 8-6 Selling and Administrative Expense Budget (LO8-7] Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 16.66 points Budgeted unit sales 1st Quarter 17,000 2nd Quarter 20,000 3rd Quarter 16,000 4th Quarter 15,000 eBook The company's variable selling and administrative expense per unit is $1.60. Fixed selling and administrative expenses include advertising expenses of $10,000 per quarter, executive salaries of $35,000 per quarter, and depreciation of $16,000 per quarter. In addition, the company will make...
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...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 20,000 $30 $4 $2 $40,000 $30,000 $24,000 $44,000 $180,000 2. Prepare a contribution format income statement Cherokee, Inc. Contribution Format Income Statement Sales. Variable expenses: Cost of goods sold. Selling expense Administrative expenses Fixed expenses: Selling expenses Administrative expenses... Net operating income ....
The input standard cost per completed unit may be calculated by multiplying the budgeted number of...
The input standard cost per completed unit may be calculated by multiplying the budgeted number of outputs for one input by the budgeted price per output unit. multiplying the budgeted price per input by the budgeted number of inputs for one unit of output. dividing the variable price per input by the budgeted number of inputs for one unit of output. dividing the budgeted number of outputs for one input by the budgeted price per output unit. dividing the budgeted...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 11,000 17 1 3 $ 21,000 $ 15,000 $ 8,000 $ 25,000 $ 86,000 points Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1...
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...
Exercise 8-6 Selling and Administrative Expense Budget (LO8-7) Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: Budgeted unit sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 30,000 31.000 23.000 28.000 The company's variable selling and administrative expense per unit is $2.90. Fixed selling and administrative expenses include advertising expenses of $15,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $29.000 per quarter. In addition, the company will make insurance payments of...
Exercise 8-6 Selling and Administrative Expense Budget (LO8-7] Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 16.66 points Budgeted unit sales 1st Quarter 17,000 2nd Quarter 20,000 3rd Quarter 16,000 4th Quarter 15,000 eBook The company's variable selling and administrative expense per unit is $1.60. Fixed selling and administrative expenses include advertising expenses of $10,000 per quarter, executive salaries of $35,000 per quarter, and depreciation of $16,000 per quarter. In addition, the company will make...
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...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 20,000 $30 $4 $2 $40,000 $30,000 $24,000 $44,000 $180,000 2. Prepare a contribution format income statement Cherokee, Inc. Contribution Format Income Statement Sales. Variable expenses: Cost of goods sold. Selling expense Administrative expenses Fixed expenses: Selling expenses Administrative expenses... Net operating income ....
The input standard cost per completed unit may be calculated by multiplying the budgeted number of outputs for one input by the budgeted price per output unit. multiplying the budgeted price per input by the budgeted number of inputs for one unit of output. dividing the variable price per input by the budgeted number of inputs for one unit of output. dividing the budgeted number of outputs for one input by the budgeted price per output unit. dividing the budgeted...
Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 11,000 17 1 3 $ 21,000 $ 15,000 $ 8,000 $ 25,000 $ 86,000 points Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1...
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