Question

Bates & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions. In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 5% of the sales revenue from each brick sold. The company expects bad debt expense to be 4% of sales revenue.

Depreciation ........ $10,000
Sales staff salaries ..... $25,000
Advertising .......... $1,000
Executive salaries ...... $10,000
Miscellaneous ......... $500

Required
Prepare Bates & Hill’s selling and administrative expense budget for the fi rst quarter of the coming year.



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  • CreatedFebruary 21, 2014
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