Flexible Budget for Selling and Administrative Expenses for a Service Company Morningside Technologies Inc. uses flexible budgets that are based on the following data: Sales commissions 6% of sales Advertising expense 18% of sales Miscellaneous administrative expense $1,700 per month plus 2% of sales Office salaries expense $16,000 per month Customer support expenses $2,350 plus 3% of sales Research and development expense 4,200 per month Prepare a flexible selling and administrative expenses budget for April for sales volumes of $105,000, $130,000, and $160,000. Enter all amounts as positive numbers. Morningside Technologies Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 Total sales $105,000 $130,000 $160,000 Variable cost: Sales commissions $ $ $ Advertising expense Miscellaneous administrative expense Customer support expenses Total variable cost $ $ $ Fixed cost: Miscellaneous administrative expense $ $ $ Office salaries expense Customer support expenses Research and development expense Total fixed cost $ $ $ Total selling and administrative expenses $ $ $
Flexible budget selling and administrative budget
Total Sales | 105000 | 130000 | 160000 |
Variable cost | |||
Sales commission | 6300 | 7800 | 9600 |
Advertising expense | 18900 | 23400 | 28800 |
Miscellaneous administrative expense | 2100 | 2600 | 3200 |
Customer support expenses | 3150 | 3900 | 4800 |
Total Variable cost | 30450 | 37700 | 46400 |
Fixed cost | |||
Miscellaneous administrative expense | 1700 | 1700 | 1700 |
Office salaries expense | 16000 | 16000 | 16000 |
Customer support expenses | 2350 | 2350 | 2350 |
Research and development expense | 4200 | 4200 | 4200 |
Total fixed cost | 24250 | 24250 | 24250 |
Total selling and administrative expenses | 54700 | 61950 | 70650 |
Flexible Budget for Selling and Administrative Expenses for a Service Company Morningside Technologies Inc. uses flexible...
Flexible Budget for Selling and Administrative Expenses for a Service Company Morningside Technologies Inc. uses flexible budgets that are based on the following data: Sales commissions 7% of sales Advertising expense 20% of sales Miscellaneous administrative expense $1,850 per month plus 2% of sales Office salaries expense $17,000 per month Customer support expenses $2,600 plus 3% of sales Research and development expense 4,600 per month Prepare a flexible selling and administrative expenses budget for April for sales volumes of $115,000,...
Morningside Technologies Inc. uses flexible budgets that are based on the following data: Sales commissions 10% of sales Advertising expense 15% of sales Miscellaneous administrative expense $1,700 per month plus 1% of sales Office salaries expense $16,000 per month Customer support expenses $2,350 plus 2% of sales Research and development expense 3,150 per month Prepare a flexible selling and administrative expenses budget for April for sales volumes of $105,000, $130,000, and $160,000. Enter all amounts as positive numbers. Morningside Technologies...
Flexible Budget for Selling and Administrative Expenses for a Service Company Cloud Productivity Inc. uses flexible budgets that are based on the following data: Sales commissions 15% of sales Advertising expense 20% of sales Miscellaneous administrative expense $5,000 per month plus 12% of sales Office salaries expense $30,000 per month Customer support expenses $13,000 per month plus 20% of sales Research and development expense $30,000 per month Prepare a flexible selling and administrative expenses budget for March for sales volumes...
Flexible Budget for Selling and Administrative Expenses for a Service Company Digital Solutions Inc. uses flexible budgets that are based on the following data: Sales commissions 8% of sales Advertising expense 15% of sales Miscellaneous administrative expense $10,000 per month plus 4% of sales $50,000 per month Office salaries expense Customer support expenses $20,000 per month plus 30% of sales $75,000 per month Research and development expense Prepare a flexible selling and administrative expenses budget for October for sales volumes...
Flexible Budget for Selling and Administrative Expenses for a Service Company 2. Cloud Productivity Inc. uses flexible budgets that are based on the following data: 15% of sales Sales commissions 3. Advertising expense 18% of sales 4 Miscellaneous administrative expense $8,500 per month plus 12 % of sales Office salaries expense $29,000 per month 5. $14,000 per month plus 20 % of sales Customer support expenses 6. Research and development expense $32,000 per month 7 Prepare a flexible selling and...
Flexible budget for selling and administrative expenses for a service company Digital Solutions Inc. uses flexible An accounting device used to plan and control resources of operational departments and divisions.budgets that are based on the following data: Sales commissions 9% of sales Advertising expense 16% of sales Miscellaneous administrative expense $11,500 per month plus 3% of sales Office salaries expense $48,000 per month Customer support expenses $16,000 per month plus 33% of sales Research and development expense $79,000 per month...
Flexible Budget for Selling and Administrative Expenses for a Service Company Cloud Productivity Inc. uses flexible An accounting device used to plan and control resources of operational departments and divisions.budgets that are based on the following data: Sales commissions 14% of sales Advertising expense 18% of sales Miscellaneous administrative expense $7,500 per month plus 12% of sales Office salaries expense $28,000 per month Customer support expenses $12,000 per month plus 20% of sales Research and development expense $32,000 per month...
Flexible Budget for Selling and Administrative Expenses for a Service Company Cloud Productivity Inc. uses flexible budgets that are based on the following data: Sales commissions 14% of sales Advertising expense 20% of sales Miscellaneous administrative expense $6,500 per month plus 12% of sales Office salaries expense $29,000 per month Customer support expenses $13,000 per month plus 20% of sales Research and development expense $32,000 per month Prepare a flexible selling and administrative expenses budget for March for sales volumes...
Flexible Budget for Selling and Administrative Expenses for a Service Company Cloud Productivity Inc. uses flexible budgets that are based on the following data: Sales commissions 15% of sales Advertising expense 18% of sales Miscellaneous administrative expense $9,000 per month plus 12% of sales Office salaries expense $29,000 per month Customer support expenses $14,000 per month plus 20% of sales Research and development expense $31,000 per month 5 as a model.) Prepare a flexible selling and administrative expenses budget for...
Flexible Budget for Selling and Administrative Expenses Agent Blaze uses flexible budgets that are based on the following data: Sales commissions Advertising expense Miscellaneous selling expense Office salaries expense Office supplies expense Miscellaneous administrative expense Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $130,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers. 8% of sales 15% of sales $1,900 plus 3% of sales $13,000 per month 4% of sales...