Agent Blaze uses flexible budgets that are based on the following data: ...
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Accounting
Agent Blaze uses flexible budgets that are based on the following data:
Sales commissions
8% of sales
Advertising expense
20% of sales
Miscellaneous selling expense
$2,500 plus 2% of sales
Office salaries expense
$17,000 per month
Office supplies expense
3% of sales
Miscellaneous administrative expense
$1,750 per month plus 1% of sales
Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $110,000, $140,000, and $165,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers.
Agent Blaze Flexible Selling and Administrative Expenses Budget For the Month Ending January 31, 2016 Total sales $110,000 $140,000 $165,000 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 ar administrative expenses
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