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Problem #2-Flexible Budget-Selling &Admin Expense Only Static Budget Budget Results Variance Flex...
Problem #2-Flexible Budget-Selling &Admin Expense Only Static Budget Budget Results Variance Flex Actual Memo: Sales Selling...
Problem #2-Flexible Budget-Selling &Admin Expense Only Static Budget Budget Results Variance Flex Actual Memo: Sales Selling & Admin Expenses Variable Sales Commissions-8% of sales var Advertising Exp-3% of sales Selling Supplies Exp-1% of sales Office Supplies-2% of sales $ 3,000,000 3,738,00o $ 240,000 90,000 30,000 60,000 $ 420,000 $301,500 110,862 38,241 74,083 S 524,686 Total Variable Sell & Admin Exp Fixed Sales Salaries Sales Travel expense Advertising- fixed portion Administrative salaries Rent Exp Utilities/Phones/Internet Total Fixed Sell & Admin Exp...
Flexible Budget for Selling and Administrative Expenses Agent Blaze uses flexible budgets that are based on...
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...
Flexible Budget for Selling and Administrative Expenses Agent Blaze uses flexible budgets that are based on...
Flexible Budget for Selling and Administrative Expenses Agent Blaze uses flexible budgets that are based on the following data: Sales commissions 6% of sales Advertising expense 15% of sales Miscellaneous selling expense $2,050 plus 3% of sales Office salaries expense $14,000 per month Office supplies expense 4% of sales Miscellaneous administrative expense $1,450 per month plus 2% of sales Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $90,000, $115,000, and $135,000. (Use Exhibit...
Flexible Budget for Selling and Administrative Expenses Agent Blaze uses flexible budgets that are based on...
Flexible Budget for Selling and Administrative Expenses Agent Blaze uses flexible budgets that are based on the following data: Sales commissions 8% of sales Advertising expense 22% of sales Miscellaneous selling expense $2,500 plus 2% of sales Office salaries expense $17,000 per month Office supplies expense 3% of sales Miscellaneous administrative expense $1,750 per month plus 1% of sales Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $110,000, $140,000, and $165,000. (Use Exhibit...
Flexible budget for selling and administrative expenses for a service company Digital Solutions Inc. uses flexible...
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 Fuller Enterprises uses flexible budgets that are based on...
Flexible Budget for Selling and Administrative Expenses Fuller Enterprises uses flexible budgets that are based on the following data: Sales commissions 5% of sales Advertising expense 25% of sales Customer support expense $2,700 plus 3% of sales Office salaries expense $18,000 per month Miscellaneous administrative expense $3,000 plus 2% of sales Research and development expense $1,900 per month Prepare a flexible selling and administrative expenses budget for July for sales volumes of $120,000, $150,000, and $180,000. (Use Exhibit 5 as...
Flexible Budget for Selling and Administrative Expenses for a Service Company Cloud Productivity Inc. uses flexible...
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...
please create an excel spreadsheet with calculations Problem 2: Flexible Budget and Variances Smith Company had...
please create an excel spreadsheet with calculations
Problem 2: Flexible Budget and Variances Smith Company had the following information available: Units Selling Price Variable Cost Per Unit Fixed Costs Budget 1,000 $60 $27 $24,000 Actual 1,100 $56 $28 $25,000 Required Prepare the static budget, actual income statement and flexible budget income statement. Calculate the sales volume variances and the flexible budget variances for each item on the income statement. Make sure your variances include favorable or unfavorable Write a brief...
Flexible Budget for Selling and Administrative Expenses for a Service Company Digital Solutions Inc. uses flexible...
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...
Agent Blaze uses flexible budgets that are based on the following data: Sales commissions Advertising expense...
Agent Blaze uses flexible budgets that are based on the following data: Sales commissions Advertising expense 7% of sales 18% of sales $2,250 plus 4% of sales $15,000 per month Miscellaneous selling expense Office salaries expense Office supplies expense 5% of sales Miscellaneous administrative expense $1,600 per month plus 3% of sales Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $100,000, $125,000, and $150,000. (Use Exhibit 5 as a model.) Enter all amounts...
Problem #2-Flexible Budget-Selling &Admin Expense Only Static Budget Budget Results Variance Flex Actual Memo: Sales Selling & Admin Expenses Variable Sales Commissions-8% of sales var Advertising Exp-3% of sales Selling Supplies Exp-1% of sales Office Supplies-2% of sales $ 3,000,000 3,738,00o $ 240,000 90,000 30,000 60,000 $ 420,000 $301,500 110,862 38,241 74,083 S 524,686 Total Variable Sell & Admin Exp Fixed Sales Salaries Sales Travel expense Advertising- fixed portion Administrative salaries Rent Exp Utilities/Phones/Internet Total Fixed Sell & Admin Exp...
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...
Flexible Budget for Selling and Administrative Expenses Agent Blaze uses flexible budgets that are based on the following data: Sales commissions 8% of sales Advertising expense 22% of sales Miscellaneous selling expense $2,500 plus 2% of sales Office salaries expense $17,000 per month Office supplies expense 3% of sales Miscellaneous administrative expense $1,750 per month plus 1% of sales Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $110,000, $140,000, and $165,000. (Use Exhibit...
please create an excel spreadsheet with calculations
Problem 2: Flexible Budget and Variances Smith Company had the following information available: Units Selling Price Variable Cost Per Unit Fixed Costs Budget 1,000 $60 $27 $24,000 Actual 1,100 $56 $28 $25,000 Required Prepare the static budget, actual income statement and flexible budget income statement. Calculate the sales volume variances and the flexible budget variances for each item on the income statement. Make sure your variances include favorable or unfavorable Write a brief...
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...
Agent Blaze uses flexible budgets that are based on the following data: Sales commissions Advertising expense 7% of sales 18% of sales $2,250 plus 4% of sales $15,000 per month Miscellaneous selling expense Office salaries expense Office supplies expense 5% of sales Miscellaneous administrative expense $1,600 per month plus 3% of sales Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $100,000, $125,000, and $150,000. (Use Exhibit 5 as a model.) Enter all amounts...
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