Consider the sales budget presented in Exercise E22A 33 Stewart s selling
Consider the sales budget presented in Exercise E22A-33. Stewart’s selling and administrative expenses include the following:
In exercise
Rent, $1,100 per month
Salaries, $2,000 per month
Commissions, 4% of sales
Depreciation, $1,800 per month
Miscellaneous expenses, 3% of sales
Prepare a selling and administrative expense budget for each of the three quarters of 2016 and totals for the nine-month period.
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