repare a flexible selling and administrative expenses budget for October for sales volumes of $600,000, $900,000, and mounts as positive numbers. Total sales Variable cost: Digital Solutions Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending October 31 $600,000 $900,000 $1,000,000 100 1000 000. (use Ex

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Prepare a flexible selling and administrative expenses budget for October for sales volumes of $600,000, $900,000, and $1,000,000. (Use Exhibit 5 as a model.) Enter al
amounts as positive numbers.
Total sales
Variable cost:
Total variable cost
Fixed cost:
Digital Solutions Inc.
Flexible Selling and Administrative Expenses Budget
For the Month Ending October 31
$600,000
Total fixed cost
Total selling and administrative expenses
A
LA
A
$900,000
ta
$1,000,000
Transcribed Image Text:Prepare a flexible selling and administrative expenses budget for October for sales volumes of $600,000, $900,000, and $1,000,000. (Use Exhibit 5 as a model.) Enter al amounts as positive numbers. Total sales Variable cost: Total variable cost Fixed cost: Digital Solutions Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending October 31 $600,000 Total fixed cost Total selling and administrative expenses A LA A $900,000 ta $1,000,000
Flexible budget for selling and administrative expenses for a service company
Digital Solutions Inc. uses flexible budgets that are based on the following data:
Sales commissions
7% of sales
Advertising expense
15% of sales
Miscellaneous administrative expense
$9,500 per month plus 5% of sales
Office salaries expense
$51,000 per month
Customer support expenses
$15,000 per month plus 33% of sales
Research and development expense
$74,000 per month
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.
X
Open spreadsheet
Prepare a flexible selling and administrative expenses budget for October for sales volumes of $600,000, $900,000, and $1,000,000. (Use Exhibit 5 as a model.) Enter all
amounts as positive numbers.
Total sales
Variable cost:
Digital Solutions Inc.
Flexible Selling and Administrative Expenses Budget
For the Month Ending October 31
$600,000
$900,000
+1
Transcribed Image Text:Flexible budget for selling and administrative expenses for a service company Digital Solutions Inc. uses flexible budgets that are based on the following data: Sales commissions 7% of sales Advertising expense 15% of sales Miscellaneous administrative expense $9,500 per month plus 5% of sales Office salaries expense $51,000 per month Customer support expenses $15,000 per month plus 33% of sales Research and development expense $74,000 per month This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. X Open spreadsheet Prepare a flexible selling and administrative expenses budget for October for sales volumes of $600,000, $900,000, and $1,000,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers. Total sales Variable cost: Digital Solutions Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending October 31 $600,000 $900,000 +1
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