Echo Amplifiers prepared the following sales budget for the first quarter of 2018: Jan. Feb. Mar. Units 1,000 1,300 1,600 Sales price $100 $100 $100 Budgeted sales $100,000 $130,000 $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 0.40 Fixed manufacturing overhead per month 3,000 Sales commissions per unit 15 Sales salaries per month 5,100 Delivery expense per unit 0.40 Factory utilities per month 5,000 Administrative salaries per month 19,000 Marketing expenses per month 9,000 Insurance expense per month 11,000 Depreciation expense per month 8,000 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 prepared the following sales budget for the first quarter of 2018: Jan. Feb. Mar. Units 1,000 1,300 1,600 Sales price $100 $100 $100 Budgeted sales $100,000 $130,000 $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 0.40 Fixed manufacturing overhead per month 3,000 Sales commissions per unit 15 Sales salaries per month 5,100 Delivery expense per unit 0.40 Factory utilities per month 5,000 Administrative salaries per month 19,000 Marketing expenses per month 9,000 Insurance expense per month 11,000 Depreciation expense per month 8,000 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 prepared the following sales budget for the first quarter of 2018: Jan. Feb. Mar. Units 1,000 1,300 1,600 Sales price $100 $100 $100 Budgeted sales $100,000 $130,000 $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 0.40 Fixed manufacturing overhead per month 3,000 Sales commissions per unit 15 Sales salaries per month 5,100 Delivery expense per unit 0.40 Factory utilities per month 5,000 Administrative salaries per month 19,000 Marketing expenses per month 9,000 Insurance expense per month 11,000 Depreciation expense per month 8,000 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 prepared the following sales budget for the first quarter of 2018:
Jan.
Feb.
Mar.
Units
1,000
1,300
1,600
Sales price
$100
$100
$100
Budgeted sales
$100,000
$130,000
$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
0.40
Fixed manufacturing overhead per month
3,000
Sales commissions per unit
15
Sales salaries per month
5,100
Delivery expense per unit
0.40
Factory utilities per month
5,000
Administrative salaries per month
19,000
Marketing expenses per month
9,000
Insurance expense per month
11,000
Depreciation expense per month
8,000
Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers.
Transcribed Image Text:Echo Amplifiers
Sales and Administrative Budget
For the Quarter Ending March 31, 2018
January
February
March
Budgeted Sales in Units
Variable Expenses
Total Variable Expenses
Fixed Expenses
Total Fixed Expenses
Total Selling and Administrative Expenses
Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video
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