Prepare a monthly flexible selling expense budget for Podism Company for sales volumes of $270,000, $350,000, and $480,000, based on the following data: Sales commissions 7% of sales Sales manager's salary $62,000 per month Advertising expense $70,000 per month Shipping expense 2% of sales Miscellaneous selling expense $2,500 per month plus 1/2% of sales Podism Company Monthly Selling Expense Budget Sales volume $270,000 $350,000 $480,000 Variable expense: Sales commissions 24,500 18,900 33,600 Shipping expense 5,400 7,000 9,600 Miscellaneous selling expense 2,400 1,350 1,750 Total variable expense 25,650 33,250 45,600 Fixed expense: Sales manager's salary 62,000 62,000 62,000 Advertising expense 70,000 70,000 70,000 Miscellaneous selling expense 2,500 2,500 2,500 Total fixed expense 134,500 134,500 134,500 Total selling expense 167,750 180,100

Prepare a monthly flexible selling expense budget for Podism Company for sales volumes of $270,000, $350,000, and $480,000, based on the following data: Sales commissions 7% of sales Sales manager's salary $62,000 per month Advertising expense $70,000 per month Shipping expense 2% of sales Miscellaneous selling expense $2,500 per month plus 1/2% of sales Podism Company Monthly Selling Expense Budget Sales volume $270,000 $350,000 $480,000 Variable expense: Sales commissions 24,500 18,900 33,600 Shipping expense 5,400 7,000 9,600 Miscellaneous selling expense 2,400 1,350 1,750 Total variable expense 25,650 33,250 45,600 Fixed expense: Sales manager's salary 62,000 62,000 62,000 Advertising expense 70,000 70,000 70,000 Miscellaneous selling expense 2,500 2,500 2,500 Total fixed expense 134,500 134,500 134,500 Total selling expense 167,750 180,100

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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Prepare a monthly flexible selling expense budget for Podism Company for sales volumes of $270,000, $350,000, and $480,000, based on the following data: Sales commissions 7% of sales Sales manager's salary $62,000 per month Advertising expense $70,000 per month Shipping expense 2% of sales Miscellaneous selling expense $2,500 per month plus 1/2% of sales Podism Company Monthly Selling Expense Budget Sales volume $270,000 $350,000 $480,000 Variable expense: Sales commissions х X Shipping expense X Miscellaneous selling expense Total variable expense Fixed expense: Sales manager's salary x $ Advertising expense X Miscellaneous selling expense Total fixed expense %$4 Total selling expense $ X
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