The expected revenues and expenses of the company OutofIt for the quarter ending on December 31st are:

	October	November	December
ProjectedSales	$135,000	$160,000	$145,000

Monthlyexpenses:

Wages&Salaries(split Marketing55%,Administration45%)	$20,000
DepreciationofMotorVehiclesformarketingactivities	1,200
Depreciation of fixtures andfittings (split Marketing55%andAdministration45%)	1,500
Stationeryforadministrationactivities	900
Rent for administrationactivities	600
Interest onloan	500
Generalexpenses(split Marketing60%andAdministration40%)	1,000
Bankcharges	75
Advertising $1,200 p.m. plus 3% ofsales
Commission 4% ofsales
Freight 2% ofsales
Discount Allowed 1.5% ofsales
Payroll on costs being 5.0% ofWages and Salaries (classified as for Wages and Salaries)

Required:

Please prepare a classified expenses budget for the quarter ending on 31st December using the table provided below.

Tip: Ensure that all expenses are for the quarter, i.e. 3 months.

ClassifiedExpensesBudget - Quarter ending31December

Budgeted sales revenue for Dec quarter = $440,000

Answer rating: 100% (QA)

ANSWER Heres the classified expenses budget for the quarter ending December 31 Category Octo... View the full answer