Echo Amplifiers prepared the following sales budget for the first quarter of 2018: Jan. Feb. Mar. Units 900 1,300 1,400 Sales price $100 $100 $100 Budgeted sales $90,000 $130,000 $140,000 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 14 Sales salaries per month 4,900 Delivery expense per unit 0.50 Factory utilities per month 5,000 Administrative salaries per month 21,000 Marketing expenses per month 7,000 Insurance expense per month 12,000 Depreciation expense per month 10,000 Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers. Echo AmplifiersSales and Administrative BudgetFor 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 $Sales Commissions $Sales Commissions Delivery Delivery Delivery Total Variable Expenses $fill in the blank 12 $fill in the blank 13 $fill in the blank 14 Fixed Expenses $Sales Salaries $Sales Salaries $Sales Salaries Administrative Salaries Administrative Salaries Administrative Salaries Marketing Expenses Marketing Expenses Marketing Expenses Insurance Expense Insurance Expense Insurance Expense Depreciation Expense Depreciation Expense Depreciation Expense 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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Echo Amplifiers prepared the following sales budget for the first quarter of 2018:

	Jan.	Feb.	Mar.
Units	900	1,300	1,400
Sales price	$100	$100	$100
Budgeted sales	$90,000	$130,000	$140,000

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	14
Sales salaries per month	4,900
Delivery expense per unit	0.50
Factory utilities per month	5,000
Administrative salaries per month	21,000
Marketing expenses per month	7,000
Insurance expense per month	12,000
Depreciation expense per month	10,000

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

Echo AmplifiersSales and Administrative BudgetFor 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	$Sales Commissions	$Sales Commissions
	Delivery	Delivery	Delivery
Total Variable Expenses	$fill in the blank 12	$fill in the blank 13	$fill in the blank 14
Fixed Expenses
	$Sales Salaries	$Sales Salaries	$Sales Salaries
	Administrative Salaries	Administrative Salaries	Administrative Salaries
	Marketing Expenses	Marketing Expenses	Marketing Expenses
	Insurance Expense	Insurance Expense	Insurance Expense
	Depreciation Expense	Depreciation Expense	Depreciation Expense
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

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