Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable...
Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $24,000 in the first quarter, and $4,000 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $40,000 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2017. ELBERT COMPANY Selling and Administrative Expense Budget For the Quarter Ending December 31, 2017For the Year Ending December 31, 2017December...
Brief Exercise 21-7 Elbert Company classifies its selling and administrative xpense budget into variable and fixed components. Variable expenses are expected to be $25,760 in the first quarter, and $5,560 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $41,140 in each quarter Prepare the selling and administrative expense budget by quarters and in total for 2017 ELBERT COMPANY Selling and Administrative Expense Budget Quarter Variable expenses Fored expenses Total selling and administrative expenses...
Rado Company classifies its selling and administrative expenses budget into variable and fixed components. It expects variable expenses to be $25,500 in the first quarter, and expects $5,400 increments in the remaining quarters of 2020. It expects fixed expenses to be $40,900 in each quarter. Prepare the selling and administrative expenses budget by quarters for 2020. RADO COMPANY Selling and Administrative Expense Budget For the Year Ending December 31, 2020 Quarter 1 2 3 4 Year Variable costs $ $...
Question 5 Sheridan Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26,620 in the first quarter, and $5,370 increments are expected in the remaining quarters of 2020. Fixed expenses are expected to be $40,320 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2020. SHERIDAN COMPANY Selling and Administrative Expense Budget For the Quarter Ending December 31, 2020For the Year Ending December...
Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available. 1. Sales: 20,700 units quarter 1; 22,500 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $10,300, office salaries $6,310, depreciation $4,350, insurance $1,650, utilities $890, and repairs expense $710. 4. Unit selling price: $24....
Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available. 1. Sales: 20,500 units quarter 1; 22,600 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $10,100, office salaries $6,230, depreciation $4,730, insurance $1,680, utilities $840, and repairs expense $690. 4. Unit selling price: $25....
Johnson Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available. 1. Sales: 20,800 units quarter 1; 22,100 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $10,900, office salaries $6,480, depreciation $4,400, insurance $1,910, utilities $830, and repairs expense $640 4. Unit selling price: $21...
Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available. 1. Sales: 20,700 units quarter 1; 22,000 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $11,000, office salaries $6,140, depreciation $4,430, insurance $2,060, utilities $910, and repairs expense $710. 4. Unit selling price: $22....
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...
repare the selling and administrative expense budget. WILDHORSE FARM SUPPLY COMPANY Selling and Administrative Expense Budget For the Six Months Ending June 30, 2020 V Quarter Six Months Sales 28400 42600 71000 Variable Expenses 259860 649650 389790 176000 649650 176000 X Fixed Expenses 176000 176000 Total Selling and Administrative Expenses v 435860 $ 565790 825650 Click if you would like to Show Work for this question: Open Show Work Question 5 Wildhorse Farm Supply Company manufactures and sells a pesticide...