Administrative Expense Budget Green Earth Landscaping Company provides monthly and weekly landscaping and maintenance services to...
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Administrative Expense Budget Green Earth Landscaping Company provides monthly and weekly landscaping and maintenance services to residential customers in the tri-city area. Green Earth has no variable administrative expense. Fixed administrative expenses for June, July, and August include: Salaries Insurance $9,900 2,250 Accounting services 3,900 700 Depreciation Required: 1. Construct an administrative expense budget for Green Earth Landscaping Company for the three summer months. Show total amounts by month and in total for the three-month period. Green Earth Landscaping Company Administrative Expense Budget For the Summer Months June July August Total Salaries 9,900 9,900 9,900 29,700 Insurance 2,250 2,250 2,250 6,750 Depreciation 3,900 3,900 3,900 11,700 Accounting services 700 700 700 2,100 Total administrative expense 16,750 16,750 16,750 50,250 Accounting services Total administrative expense 16,750 16,750 16,750 50,250 Feedback Check My Work This is the final budget to be developed for operations and consists of estimated expenditures for the overall organization and operation of the company. It helps managers understand the expected costs of running the company for the next year. 2. What if Green Earth Landscaping Company's insurance rates increased at the beginning of July to $2,700 per month? How would that affect monthly administrative expense? Total monthly administrative cost would by $ 900 X. Feedback Check My Work Consider how an extra amount for July and August will change the total budget. Feedback Check My Work Partially correct Check My Work Previous Next Administrative Expense Budget Green Earth Landscaping Company provides monthly and weekly landscaping and maintenance services to residential customers in the tri-city area. Green Earth has no variable administrative expense. Fixed administrative expenses for June, July, and August include: Salaries Insurance $9,900 2,250 Accounting services 3,900 700 Depreciation Required: 1. Construct an administrative expense budget for Green Earth Landscaping Company for the three summer months. Show total amounts by month and in total for the three-month period. Green Earth Landscaping Company Administrative Expense Budget For the Summer Months June July August Total Salaries 9,900 9,900 9,900 29,700 Insurance 2,250 2,250 2,250 6,750 Depreciation 3,900 3,900 3,900 11,700 Accounting services 700 700 700 2,100 Total administrative expense 16,750 16,750 16,750 50,250 Accounting services Total administrative expense 16,750 16,750 16,750 50,250 Feedback Check My Work This is the final budget to be developed for operations and consists of estimated expenditures for the overall organization and operation of the company. It helps managers understand the expected costs of running the company for the next year. 2. What if Green Earth Landscaping Company's insurance rates increased at the beginning of July to $2,700 per month? How would that affect monthly administrative expense? Total monthly administrative cost would by $ 900 X. Feedback Check My Work Consider how an extra amount for July and August will change the total budget. Feedback Check My Work Partially correct Check My Work Previous Next
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