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Problem 2 - Bear Corp. sells its product for $120. Forecasted sales are 1200 units...

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Accounting

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Problem 2 - Bear Corp. sells its product for $120. Forecasted sales are 1200 units in October, 1,500 in November, and 1,600 in December. Variable costs are based on sales, and consist of commissions (7% of sales.advertising (3%) and shipping (5%). Fixed costs per month are $4.000 sales salaries, $3.300 office salaries, $2,000 depreciation, $1,800 office rent, $750 insurance and $900 utilities Required: Prepare Bear Corp's selling and administrative expense budget for the period October through December. Present monthly totals as well as a 3-month total. November December Total Sales in units Selling price Budgeted sales Variable: Commissions 7% Advertising 3% Shipping 5% Total variable Sales salaries Office salaries Office rent Insurance Utilities Total fixed Total S&A

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