ller Enterprises uses flexible budgets that are based on the following data: ales commissions Advertising expense Customer support expense Office salaries expense Miscellaneous administrative expense Research and development expense 9% of sales Prepare a flexible selling and administrative expenses budget for July for sales volumes of $105,000, $130,000, and $160,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers. FULLER ENTERPRISES Total sales Variable cost: Miscellaneous selling expenses 19% of sales $2,350 plus 3% of sales $16,000 per month $2,900 plus 2% of sales $1,700 per month Flexible Selling and Administrative Expenses Budget For the Month Ending July 31 Aduerticing oxpopre $105,000 $130,000 $160,000

ller Enterprises uses flexible budgets that are based on the following data: ales commissions Advertising expense Customer support expense Office salaries expense Miscellaneous administrative expense Research and development expense 9% of sales Prepare a flexible selling and administrative expenses budget for July for sales volumes of $105,000, $130,000, and $160,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers. FULLER ENTERPRISES Total sales Variable cost: Miscellaneous selling expenses 19% of sales $2,350 plus 3% of sales $16,000 per month $2,900 plus 2% of sales $1,700 per month Flexible Selling and Administrative Expenses Budget For the Month Ending July 31 Aduerticing oxpopre $105,000 $130,000 $160,000

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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olander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month’s budget appear below: Selling price per unit $ 30 Variable expense per unit $ 13 Fixed expense per month $ 14,110 Unit sales per month 980 Required: 1. What is the company’s margin of safety? (Do not round intermediate calculations.) 2. What is the company’s margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e. .1234 should be entered as 12.34).)
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Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month $ 23 2416 $ 5,810 980 Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (l.e. 1234 should be entered as 12.34).) . Margin of safety (in dollars) 2. Margin of salety percentage
Flexible Budget for Selling and Administrative Expenses for a Service Company
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