Homework Answers
Answer-
| SAUDI COMPANY | |||
| MONTHLY FLEXIBLE BUDGET | |||
| Sales units (a) | 20000 | 22000 | 24000 |
| Selling price per unit (b) | SR10 | SR10 | SR10 |
| Sales Value (c=a*b) SR | 200000 | 220000 | 240000 |
| Variable costs- | |||
| Sales Commissions @6% | 200000*6%=12000 | 220000*6%=13200 | 240000*6%=14400 |
| Advertising @4% | 200000*4%=8000 | 220000*4%=8800 | 240000*4%=9600 |
| Travelling @5% | 200000*5%=10000 | 220000*5%=11000 | 240000*5%=12000 |
| Delivery @1% | 200000*1%=2000 | 220000*1%=2200 | 240000*1%=2400 |
| Total Variable costs (d) | 32000 | 35200 | 38400 |
| Fixed costs- | |||
| Sales salaries | 40000 | 40000 | 40000 |
| Depreciation on delivery equipment | 10000 | 10000 | 10000 |
| Total fixed costs (e) | 50000 | 50000 | 50000 |
| Total cost (f=d+e) | 82000 | 85200 | 88400 |
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Case 1 A Saudi Company uses flexible budgets to control its selling expenses. Monthly sales units...
Case 1 A Saudi Company uses flexible budgets to control its selling expenses. Monthly sales units...
Case 1 A Saudi Company uses flexible budgets to control its selling expenses. Monthly sales units are expected to be from 20,000 to 24,000 (selling price SR10). Variable costs and their percentage relationships to sales are: Sales commissions 6% Advertising 4% Traveling 5% Delivery 1% Fixed selling expenses consist of sales salaries SR40,000 and depreciation on delivery equipment SR10,000. Required Prepare a flexible budget for increments of 2,000 of sales units within the relevant range (1 mark).
Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range...
Fallon Company uses flexible budgets to control its selling
expenses. Monthly sales are expected to range from $166,300 to
$208,000. Variable costs and their percentage relationship to sales
are sales commissions 8%, advertising 4%, traveling 4%, and
delivery 1%. Fixed selling expenses will consist of sales salaries
$35,500, depreciation on delivery equipment $7,400, and insurance
on delivery equipment $1,400.
Prepare a monthly flexible budget for each $13,900 increment of
sales within the relevant range for the year ending December 31,...
Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range...
Fallon Company uses flexible budgets to control its selling
expenses. Monthly sales are expected to range from $174,100 to
$209,200. Variable costs and their percentage relationship to sales
are sales commissions 6%, advertising 4%, traveling 4%, and
delivery 1%. Fixed selling expenses will consist of sales salaries
$35,100, depreciation on delivery equipment $7,500, and insurance
on delivery equipment $1,800.
Prepare a monthly flexible budget for each $11,700 increment of
sales within the relevant range for the year ending December 31,...
Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range...
Fallon Company uses flexible budgets to control its selling
expenses. Monthly sales are expected to range from $172,100 to
$205,400. Variable costs and their percentage relationship to sales
are sales commissions 6%, advertising 6%, traveling 3%, and
delivery 2%. Fixed selling expenses will consist of sales salaries
$35,400, depreciation on delivery equipment $6,500, and insurance
on delivery equipment $1,200.
Prepare a monthly flexible budget for each $11,100 increment of
sales within the relevant range for the year ending December 31,...
E22-5 DeWitt Company uses flexible budgets to control its selling expenses. Monthly sales are expected to...
E22-5 DeWitt Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $170,000 to $200,000. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 4%, traveling 3%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,000, depreciation on delivery equipment $7,000, and insurance on delivery equipment $1,000. Instructions Prepare a monthly flexible budget for each $10,000 increment of sales within the relevant range for the year ending...
Cadiz Co. uses flexible budgets to control its selling expenses. Monthly sales are expected to be...
Cadiz Co. uses flexible budgets to control its selling expenses. Monthly sales are expected to be from $300,000 to $360,000. Variable costs and their percentage relationships to sales are: Sales commissions 5% Advertising 4% Traveling Delivery Fixed selling expenses consist of sales salaries $40,000 and depreciation on delivery equipment $10,000. The actual selling expenses incurred in February, 2019, by Cadiz are as follows: Sales commissions $17,200 Advertising 12,000 Traveling Delivery 23,700 2,400 Fixed selling expenses consist of sales salaries $41,500...
Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range...
Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $172,800 to $215,400. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 4%, travel 4%, and delivery 1%. Fixed selling expenses will consist of sales salaries $35,500, depreciation on delivery equipment $7.500, and insurance on delivery equipment $1,100. Prepare a monthly selling expense flexible budget for each $14,200 increment of sales within the relevant range for the year ending...
fallen company Exercise 22-5 Fallon Company uses flexible budgets to control its selling expenses. Monthly sales...
fallen company
Exercise 22-5 Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $173,000 to $210,200. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 4%, traveling 4%, and delivery 24. Feeding expenses will consist of sales salaries 335,500 depredation on delivery equipment $7,300, and Insurance on delivery equipment $2,000. Prepare a monthly flexible budget for each $12,100 increment of sales within the relevant range for the year...
Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range...
Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $167,300 to $209,300. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 6%, travel 4%, and delivery 1%. Fixed selling expenses will consist of sales salaries $34,900, depreciation on delivery equipment $7,100, and insurance on delivery equipment $1,900. Prepare a monthly selling expense flexible budget for each $14,000 increment of sales within the relevant range for the year ending...
Possible Account Titles: Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are...
Possible Account Titles:
Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $170,000 to $200,000. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 4%, travel 3%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,000, depreciation on delivery equipment $7,000, and insurance on delivery equipment $1,000. Prepare a monthly selling expense flexible budget for each $10,000 increment of sales within the relevant range for...
Fallon Company uses flexible budgets to control its selling
expenses. Monthly sales are expected to range from $166,300 to
$208,000. Variable costs and their percentage relationship to sales
are sales commissions 8%, advertising 4%, traveling 4%, and
delivery 1%. Fixed selling expenses will consist of sales salaries
$35,500, depreciation on delivery equipment $7,400, and insurance
on delivery equipment $1,400.
Prepare a monthly flexible budget for each $13,900 increment of
sales within the relevant range for the year ending December 31,...
Fallon Company uses flexible budgets to control its selling
expenses. Monthly sales are expected to range from $174,100 to
$209,200. Variable costs and their percentage relationship to sales
are sales commissions 6%, advertising 4%, traveling 4%, and
delivery 1%. Fixed selling expenses will consist of sales salaries
$35,100, depreciation on delivery equipment $7,500, and insurance
on delivery equipment $1,800.
Prepare a monthly flexible budget for each $11,700 increment of
sales within the relevant range for the year ending December 31,...
Fallon Company uses flexible budgets to control its selling
expenses. Monthly sales are expected to range from $172,100 to
$205,400. Variable costs and their percentage relationship to sales
are sales commissions 6%, advertising 6%, traveling 3%, and
delivery 2%. Fixed selling expenses will consist of sales salaries
$35,400, depreciation on delivery equipment $6,500, and insurance
on delivery equipment $1,200.
Prepare a monthly flexible budget for each $11,100 increment of
sales within the relevant range for the year ending December 31,...
E22-5 DeWitt Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $170,000 to $200,000. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 4%, traveling 3%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,000, depreciation on delivery equipment $7,000, and insurance on delivery equipment $1,000. Instructions Prepare a monthly flexible budget for each $10,000 increment of sales within the relevant range for the year ending...
Cadiz Co. uses flexible budgets to control its selling expenses. Monthly sales are expected to be from $300,000 to $360,000. Variable costs and their percentage relationships to sales are: Sales commissions 5% Advertising 4% Traveling Delivery Fixed selling expenses consist of sales salaries $40,000 and depreciation on delivery equipment $10,000. The actual selling expenses incurred in February, 2019, by Cadiz are as follows: Sales commissions $17,200 Advertising 12,000 Traveling Delivery 23,700 2,400 Fixed selling expenses consist of sales salaries $41,500...
Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $172,800 to $215,400. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 4%, travel 4%, and delivery 1%. Fixed selling expenses will consist of sales salaries $35,500, depreciation on delivery equipment $7.500, and insurance on delivery equipment $1,100. Prepare a monthly selling expense flexible budget for each $14,200 increment of sales within the relevant range for the year ending...
fallen company
Exercise 22-5 Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $173,000 to $210,200. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 4%, traveling 4%, and delivery 24. Feeding expenses will consist of sales salaries 335,500 depredation on delivery equipment $7,300, and Insurance on delivery equipment $2,000. Prepare a monthly flexible budget for each $12,100 increment of sales within the relevant range for the year...
Possible Account Titles:
Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $170,000 to $200,000. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 4%, travel 3%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,000, depreciation on delivery equipment $7,000, and insurance on delivery equipment $1,000. Prepare a monthly selling expense flexible budget for each $10,000 increment of sales within the relevant range for...
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