Question: Net Vision uses flexible budgets that are based on the following data: Sales Commissions: 10% of sales Advertising expense: 18% of sales Miscellaneous selling expense:
Net Vision uses flexible budgets that are based on the following data: Sales Commissions: 10% of sales Advertising expense: 18% of sales Miscellaneous selling expense: $2800 per month plus 4% of sales Office salaries expense: $18000 per month Office Supplies expense: 3% of sales Miscellaneous administrative expense: $2200 per month plus 2% of sales Prepare a flexible selling and administrative expenses budget for January 2012, for sales volumes of $100,000, $125,000, and $150,000. Enter all amounts as positive numbers. Net Vision Flexible Selling and Administrative Expenses Budget For the Month Ending January 31, 2012 Total sales $ 100000 $ 125000 $ 150000 Variable cost: Sales commissions ? ? ? Advertising expense ? ? ? Miscellaneous selling expense ? ? ? Office supplies expense ? ? ? Miscellaneous administrative expense ? ? ? Total variable cost ? ? ? Fixed cost: Miscellaneous selling expense ? ? ? Office salaries expense ? ? ? Miscellaneous administrative expense ? ? ? Total fixed cost ? ? ? Total selling and administrative expenses
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