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gewys. WileyPLUS: MYWEYPLUS | Help Contact Us | Lo Weygandt, Managerial Accounting, Se Assignment Gradebook ORION Downloadable eTextbook MANAGERIAL ACCOUNTING (ACCT 2 FULL SCREEN PRINTER VERSION BACK NEX Exercise 9-12 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; 22,700 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 16,120, depreciation $4,740, Insurance $1,640, utilities $880, and repairs expense $680. 4. Unit selling price: $23. Prepare a selling and administrative expense budget by quarters for the first 6 months of 2020. (List variable expenses before fired expense.) KIRKLAND COMPANY Selling and Administrative Expense Budget Quarter

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KIRKLAND COMPANY Selling and Administration Expense Budget Quarter 1 Quarter 2 Six Months Sales $476,100 $522,100 Variable Expenses Sales Commission $23,805 $26,105 $49,910 Delivery Expenses $9,522 $10,442 $19,964 Advertising Expense $14,283 $15,663 $29,946 Total Variable Expenses $47,610 $52,210 $99,820 Fixed Expenses Sales Salaries Office Salaries Depreciation Insurance Utilities Repairs expenses Total Fixed Expense $10,900 $6,120 $4,740 $1,640 $880 $680 $24,960 $10,900 $6,120 $4,740 $1,640 $21,800 $12,240 $9,480 $3,280 $1,760 $1,360 $49,920 $880 $680 $24,960 Total Selling and Administration Expenses $72,570 $77,170 $149,740