Preparing Selling and Administrative Expense Budget
The following information is available for Revelle Company.
• Sales price per unit is $80.
• November and December, sales were budgeted at 3,100 and 3,550 units, respectively.
• Variable costs are 11 percent of sales (6 percent commission, 2 percent advertising, 3 percent shipping).
• Fixed costs per month are sales salaries, $5,000; office salaries, $2,500; depreciation, $2,500; building rent, $3,500; insurance, $1,500; and utilities, $800.
Required:
Prepare Revelle’s selling and administrative expense budgets for November and December.
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