The following budget information relates to the Coca-Cola Company. For the

      year of 2019, the following data are developed:

1. Sales: 60,000 units; unit selling price: $55

2. Variable costs per dollar of sales:

      Sales commissions                       5%

      Delivery expense                        1%

      Utilities                               4%

3. Fixed costs per year:

      Office salaries                    $36,000

      Rent                                20,000

      Depreciation                         5,000

      Insurance                            4,000

      Interest                             1,000

Instructions

Prepare a selling and administrative expense budget for the year.

Answer rating: 100% (QA)

To prepare the selling and administrative expense budget for the year we need to calculate both vari... View the full answer