Please do not give solution in image format thanku Oriole Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6months of 2022, the following data are available.1.2.3.4.Sales: 22,000 units quarter 1; 24,200 units quarter 2.Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%.Fixed costs per quarter: sales salaries $13,200, office salaries $8,800, depreciation $4,560, insurance $1,650, utilities $940,and repairs expense $550.Unit selling price: $10.Prepare a selling and administrative expense budget by quarters for the first 6 months of 2022. (List variable expenses before fixedexpense.)ORIOLE COMPANYSelling and Administrative Expense Budget1QuarterLA2+ASix M

It is the budget prepared for all non-manufacturing expenses such as research and development,…

Oriole Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following data are available. 1. Sales: 22,000 units quarter 1: 24,200 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $13,200, office salaries $8,800, depreciation $4,560, insurance $1,650, utilities $940, and repairs expense $550. Unit selling price: $10. -4. Prepare a selling and administrative expense budget by quarters for the first 6 months of 2022. (List variable expenses before fixed expense.) > ORIOLE COMPANY Selling and Administrative Expense Budget 1 Quarter 2 Six

Oriole Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following data are available. 1. Sales: 22,000 units quarter 1: 24,200 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $13,200, office salaries $8,800, depreciation $4,560, insurance $1,650, utilities $940, and repairs expense $550. Unit selling price: $10. -4. Prepare a selling and administrative expense budget by quarters for the first 6 months of 2022. (List variable expenses before fixed expense.) > ORIOLE COMPANY Selling and Administrative Expense Budget 1 Quarter 2 Six

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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