uwpP pup 6uwas JoLa6png rative expenses for a service company igital Solutions Inc. uses flexible budgets that are based on the following data: Sales commissions 10% of sales Advertising expense 14% of sales Miscellaneous administrative expense $9,500 per month plus 3% of sales Office salaries expense $49,000 per month Customer support expenses $25,000 per month plus 31% of sales Research and development expense $74,000 per month his 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. "pen spreadsheet repare a flexible selling and administrative expenses budget for October for sales volumes of $400,000, $700,000, and $1,200,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers.

uwpP pup 6uwas JoLa6png rative expenses for a service company igital Solutions Inc. uses flexible budgets that are based on the following data: Sales commissions 10% of sales Advertising expense 14% of sales Miscellaneous administrative expense $9,500 per month plus 3% of sales Office salaries expense $49,000 per month Customer support expenses $25,000 per month plus 31% of sales Research and development expense $74,000 per month his 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. "pen spreadsheet repare a flexible selling and administrative expenses budget for October for sales volumes of $400,000, $700,000, and $1,200,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers.

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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Flexible Budget for Selling and Administrative Expenses for a Service Company
esc Rich & Sweet Candy Company's budgeted contribution income statement assumed it would produce and sell 5,000 units and includes the following: Total Sales Revenue Total Variable Costs Total Fixed Costs $100,000 40,000 50,000 In preparing its flexible budget given the actual units sold was 10% greater than budgeted, its total fixed costs would equal 40 Click Save and Submit to save and submit. Click Save All Answers to save all answers. ! 1 7 Q A 2 W S #m 3 E $ 4 D R do L % 5 F MacBook Pro < 6 T G & 7 Y H * 00 8 S
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Daybreak Technologies Inc. uses flexible budgets that are based on the following data: Sales commissions 9% of sales Advertising expense 15% of sales Miscellaneous administrative expense $1,450 per month plus 3% of sales Office salaries expense $14,000 per month Customer support expenses $2,050 plus 4% of sales Research and development expense $4,500 per month Prepare a flexible selling and administrative expenses budget for April for sales volumes of $90,000, $115,000, and $135,000. Daybreak Technologies Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 Total sales $90,000 $115,000 $135,000 Variable cost: Sales commissions 8,100 10,350 12,150 Advertising expense 13,500 17,250 20,250 Miscellaneous administrative expense 2,700 3,450 4,050 Customer support expenses 3,600 4,600 5,400 Total variable cost Fixed cost: Miscellaneous administrative expense Office salaries expense Customer support expenses Research and development expense Total fixed cost…
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