Business, 21.05.2020 19:57 lexiscaraballo12

Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available. 1. Sales: 20,000 units quarter 1; 22,200 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $10,900, office salaries $6,260, depreciation $4,730, insurance $2,080, utilities $870, and repairs expense $710. 4. Unit selling price: $22.Required:Prepare a selling and administrative expense budget by quarters for the first 6 months of 2020.

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