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Flexible Budget for Selling and Administrative Expenses for a Service Company Morningside Technologies Inc. uses...

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Accounting

Flexible Budget for Selling and Administrative Expenses for a Service Company

Morningside Technologies Inc. uses flexible budgets that are based on the following data:

Sales commissions 8% of sales
Advertising expense 15% of sales
Miscellaneous administrative expense $1,300 per month plus 1% of sales
Office salaries expense $12,000 per month
Customer support expenses $1,800 plus 2% of sales
Research and development expense 2,400 per month

Prepare a flexible selling and administrative expenses budget for April for sales volumes of $80,000, $100,000, and $120,000. Enter all amounts as positive numbers.

Morningside Technologies Inc.
Flexible Selling and Administrative Expenses Budget
For the Month Ending April 30
Total sales $80,000 $100,000 $120,000
Variable cost:
Sales commissions $ $ $
Advertising expense
Miscellaneous administrative expense
Customer support expenses
Total variable cost $ $ $
Fixed cost:
Miscellaneous administrative expense $ $ $
Office salaries expense
Customer support expenses
Research and development expense
Total fixed cost $ $ $
Total selling and administrative expenses $ $ $

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