Echo Amplifiers prepared the following sales budget for the first quarter of 2018: Jan. Feb. Mar. Units 900 1,100 1,600 Sales price $100 $100 $100 Budgeted sales $90,000 $110,000 $160,000 It also has this additional information related to its expenses: Direct material per unit $1.50 Direct labor per unit 2 Variable manufacturing overhead per hour 0.50 Fixed manufacturing overhead per month 3,100 Sales commissions per unit 15 Sales salaries per month 5,100 Delivery expense per unit 0.50 Factory utilities per month 5,000 Administrative salaries per month 19,000 Marketing expenses per month 9,000 Insurance expense per month 10,000 Depreciation expense per month 9,000 Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers. Echo Amplifiers Sales and Administrative Budget For the Quarter Ending March 31, 2018 January February March Budgeted Sales in Units fill in the blank 1 fill in the blank 2 fill in the blank 3 Variable Expenses Sales Commissions $fill in the blank 5 $fill in the blank 6 $fill in the blank 7 Delivery fill in the blank 9 fill in the blank 10 fill in the blank 11 Total Variable Expenses $fill in the blank 12 $fill in the blank 13 $fill in the blank 14 Fixed Expenses Sales Salaries $fill in the blank 16 $fill in the blank 17 $fill in the blank 18 Administrative Salaries fill in the blank 20 fill in the blank 21 fill in the blank 22 Marketing Expenses fill in the blank 24 fill in the blank 25 fill in the blank 26 Insurance Expense fill in the blank 28 fill in the blank 29 fill in the blank 30 Depreciation Expense fill in the blank 32 fill in the blank 33 fill in the blank 34 Total Fixed Expenses $fill in the blank 35 $fill in the blank 36 $fill in the blank 37 Total Selling and Administrative Expenses $fill in the blank 38 $fill in the blank 39 $fill in the blank 40

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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Question

Echo Amplifiers prepared the following sales budget for the first quarter of 2018:

	Jan.	Feb.	Mar.
Units	900	1,100	1,600
Sales price	$100	$100	$100
Budgeted sales	$90,000	$110,000	$160,000

It also has this additional information related to its expenses:

Direct material per unit	$1.50
Direct labor per unit	2
Variable manufacturing overhead per hour	0.50
Fixed manufacturing overhead per month	3,100
Sales commissions per unit	15
Sales salaries per month	5,100
Delivery expense per unit	0.50
Factory utilities per month	5,000
Administrative salaries per month	19,000
Marketing expenses per month	9,000
Insurance expense per month	10,000
Depreciation expense per month	9,000

Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers.

Echo Amplifiers
Sales and Administrative Budget
For the Quarter Ending March 31, 2018
	January	February	March
Budgeted Sales in Units	fill in the blank 1	fill in the blank 2	fill in the blank 3
Variable Expenses
Sales Commissions	$fill in the blank 5	$fill in the blank 6	$fill in the blank 7
Delivery	fill in the blank 9	fill in the blank 10	fill in the blank 11
Total Variable Expenses	$fill in the blank 12	$fill in the blank 13	$fill in the blank 14
Fixed Expenses
Sales Salaries	$fill in the blank 16	$fill in the blank 17	$fill in the blank 18
Administrative Salaries	fill in the blank 20	fill in the blank 21	fill in the blank 22
Marketing Expenses	fill in the blank 24	fill in the blank 25	fill in the blank 26
Insurance Expense	fill in the blank 28	fill in the blank 29	fill in the blank 30
Depreciation Expense	fill in the blank 32	fill in the blank 33	fill in the blank 34
Total Fixed Expenses	$fill in the blank 35	$fill in the blank 36	$fill in the blank 37
Total Selling and Administrative Expenses	$fill in the blank 38	$fill in the blank 39	$fill in the blank 40

Echo Amplifiers prepared the following sales budget for the first quarter of 2018:
Jan.
Feb.
Mar.
Units
900
1,100
1,600
Sales price
$100
$100
$100
Budgeted sales
$90,000 $110,000 $160,000
It also has this additional information related to its expenses:
Direct material per unit
$1.50
Direct labor per unit
Variable manufacturing overhead per hour
0.50
Fixed manufacturing overhead per month
3,100
Sales commissions per unit
15
Sales salaries per month
5,100
Delivery expense per unit
0.50
Factory utilities per month
5,000
Administrative salaries per month
19,000
Marketing expenses per month
9,000
Insurance expense per month
10,000
Depreciation expense per month
9,000
Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers.

Echo Amplifiers
Sales and Administrative Budget
For the Quarter Ending March 31, 2018
January
February
March
Budgeted Sales in Units
Variable Expenses
Sales Commissions
Delivery
Total Variable Expenses
Fixed Expenses
Sales Salaries
2$
$
Administrative Salaries
Marketing Expenses
Insurance Expense
Depreciation Expense
Total Fixed Expenses
Total Selling and Administrative Expenses
$

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