Business, 04.04.2020 07:00 25cotahai

Preparing a Selling and Administrative Expenses Budget

Elwood Company makes and sells plastic trash bags. In the coming year, Elwood expects total sales of $18,620,000. There is a 4% commission on sales. In addition, fixed expenses of the sales and administrative offices include the following:

Salaries $ 796,000
Utilities 173,000
Office space 312,000
Advertising 1,100,000
Required:

Prepare a selling and administrative expenses budget for Elwood Company for the coming year.

Elwood 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 $

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 11:40

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.

Answers: 2

Answer

Business, 22.06.2019 20:50

How has apple been able to sustain its competitive advantage in the smartphone industry? a. by reducing its network effects b. by targeting its new products and services toward laggards c. by driving the price for the end user to zero d. by regularly introducing incremental improvements in its products

Answers: 1

Answer

Business, 22.06.2019 21:00

The purpose of the transportation approach for location analysis is to minimize which of the following? a. total costsb. total fixed costsc. the number of shipmentsd. total shipping costse. total variable costs

Answers: 1

Answer

Business, 23.06.2019 10:20

Teatro restoration, inc., begins renovating an old theater for urban edge productions, but after three months teatro demands an extra $250,000. urban edge agrees to pay. refer to fact pattern 13–4. if teatro says it is asking for the extra $250,000 because it has encountered extraordinary unforeseen difficulties that will add considerable cost to the project, the agreement is

Answers: 3

Answer

You know the right answer?

Preparing a Selling and Administrative Expenses Budget

Elwood Company makes and sells p...

Questions