Kingbird Company combines its operating expenses for budget purposes in a selling and administrative expenses budget....
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Kingbird Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first six months of 2022, the following data are available: 1. Sales: 19,500 units in quarter 1: 22,500 units in quarter 2 Variable costs per dollar of sales: sales commissions 5% ; delivery expense 2%; and advertising 4% Fixed costs per quarter: sales salaries $10,000; office salaries $7,400; depreciation $4,200; insurance $1,700; utilities $800; and repairs expense $600 4. Unit selling price: $22 2. 3. Prepare a selling and administrative expenses budget by quarters for the first six months of 2022. Kingbird Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first six months of 2022, the following data are available: 1. Sales: 19,500 units in quarter 1: 22,500 units in quarter 2 Variable costs per dollar of sales: sales commissions 5% ; delivery expense 2% ; and advertising 4% Fixed costs per quarter: sales salaries $10,000; office salaries $7,400; depreciation $4,200; insurance $1,700; utilities $800; and repairs expense $600 4. Unit selling price: $22 2. 3. Prepare a selling and administrative expenses budget by quarters for the first six months of 2022. Kingbird Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first six months of 2022, the following data are available: 1. Sales: 19,500 units in quarter 1: 22,500 units in quarter 2 Variable costs per dollar of sales: sales commissions 5% ; delivery expense 2%; and advertising 4% Fixed costs per quarter: sales salaries $10,000; office salaries $7,400; depreciation $4,200; insurance $1,700; utilities $800; and repairs expense $600 4. Unit selling price: $22 2. 3. Prepare a selling and administrative expenses budget by quarters for the first six months of 2022. Kingbird Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first six months of 2022, the following data are available: 1. Sales: 19,500 units in quarter 1: 22,500 units in quarter 2 Variable costs per dollar of sales: sales commissions 5% ; delivery expense 2% ; and advertising 4% Fixed costs per quarter: sales salaries $10,000; office salaries $7,400; depreciation $4,200; insurance $1,700; utilities $800; and repairs expense $600 4. Unit selling price: $22 2. 3. Prepare a selling and administrative expenses budget by quarters for the first six months of 2022.
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Answer rating: 100% (QA)
Given Data Sales 19500 units in quarter 1 22500 units in quarter 2 Variable costs per dollar of sale... View the full answer
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
Posted Date:
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