The following information is available for Revelle Company. Sales price per unit is ($80.) November
Question:
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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Related Book For
Managerial Accounting
ISBN: 9780078110771
1st Edition
Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips
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