6. Question Content Area Administrative Expense Budget Green Earth Landscaping Company provides monthly and weekly landscaping and maintenance services to residential customers in the tri-city area. Green Earth has no variable administrative expense. Fixed administrative expenses for June, July, and August include: Salaries $10,000 Insurance 2,100 Depreciation 3,900 Accounting services 800 Required: Question Content Area 1. Construct an administrative expense budget for Green Earth Landscaping Company for the three summer months. Show total amounts by month and in total for the three-month period. Green Earth Landscaping CompanyAdministrative Expense BudgetFor the Summer Months June July August Total Salaries $fill in the blank 532c4bfc1f8bfa8_1 $fill in the blank 532c4bfc1f8bfa8_2 $fill in the blank 532c4bfc1f8bfa8_3 $fill in the blank 532c4bfc1f8bfa8_4 Insurance fill in the blank 532c4bfc1f8bfa8_5 fill in the blank 532c4bfc1f8bfa8_6 fill in the blank 532c4bfc1f8bfa8_7 fill in the blank 532c4bfc1f8bfa8_8 Depreciation fill in the blank 532c4bfc1f8bfa8_9 fill in the blank 532c4bfc1f8bfa8_10 fill in the blank 532c4bfc1f8bfa8_11 fill in the blank 532c4bfc1f8bfa8_12 Accounting services fill in the blank 532c4bfc1f8bfa8_13 fill in the blank 532c4bfc1f8bfa8_14 fill in the blank 532c4bfc1f8bfa8_15 fill in the blank 532c4bfc1f8bfa8_16 Total administrative expense $fill in the blank 532c4bfc1f8bfa8_17 $fill in the blank 532c4bfc1f8bfa8_18 $fill in the blank 532c4bfc1f8bfa8_19 $fill in the blank 532c4bfc1f8bfa8_20 Question Content Area 2. What if Green Earth Landscaping Company's insurance rates increased at the beginning of July to $2,600 per month? How would that affect monthly administrative expense? Total monthly administrative cost would by $fill in the blank ed0196017003028_2.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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6. Question Content Area

Administrative Expense Budget

Green Earth Landscaping Company provides monthly and weekly landscaping and maintenance services to residential customers in the tri-city area. Green Earth has no variable administrative expense. Fixed administrative expenses for June, July, and August include:

Salaries	$10,000
Insurance	2,100
Depreciation	3,900
Accounting services	800

Required:

Question Content Area

1. Construct an administrative expense budget for Green Earth Landscaping Company for the three summer months. Show total amounts by month and in total for the three-month period.

Green Earth Landscaping CompanyAdministrative Expense BudgetFor the Summer Months

	June	July	August	Total

Salaries	$fill in the blank 532c4bfc1f8bfa8_1	$fill in the blank 532c4bfc1f8bfa8_2	$fill in the blank 532c4bfc1f8bfa8_3	$fill in the blank 532c4bfc1f8bfa8_4
Insurance	fill in the blank 532c4bfc1f8bfa8_5	fill in the blank 532c4bfc1f8bfa8_6	fill in the blank 532c4bfc1f8bfa8_7	fill in the blank 532c4bfc1f8bfa8_8
Depreciation	fill in the blank 532c4bfc1f8bfa8_9	fill in the blank 532c4bfc1f8bfa8_10	fill in the blank 532c4bfc1f8bfa8_11	fill in the blank 532c4bfc1f8bfa8_12
Accounting services	fill in the blank 532c4bfc1f8bfa8_13	fill in the blank 532c4bfc1f8bfa8_14	fill in the blank 532c4bfc1f8bfa8_15	fill in the blank 532c4bfc1f8bfa8_16
Total administrative expense	$fill in the blank 532c4bfc1f8bfa8_17	$fill in the blank 532c4bfc1f8bfa8_18	$fill in the blank 532c4bfc1f8bfa8_19	$fill in the blank 532c4bfc1f8bfa8_20

Question Content Area

2. What if Green Earth Landscaping Company's insurance rates increased at the beginning of July to $2,600 per month? How would that affect monthly administrative expense?

Total monthly administrative cost would

by $fill in the blank ed0196017003028_2.

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