Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales...
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Accounting
Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,000,000. There is a 4% commission on sales. In addition, fixed expenses of the sales and administrative offices include the following:
Salaries
$ 960,000
Utilities
365,000
Office space
230,000
Advertising
1,200,000
Required:
Prepare a selling and administrative expenses budget for Fazel Company for the coming year.
Fazel Company
Selling and Administrative Expenses Budget
For the Coming Year
Variable selling expenses
$
Fixed expenses:
Salaries
$
Utilities
Office space
Advertising
Total fixed expenses
Total selling and administrative expenses
$
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