Chapter 22, Problem 32QS

To determine

Concept Introduction:

Budgeted sales: Budgeted sales can be defined as the expected sales for the next period. On the basis of the experience and the best measurements of estimates, the budgeted sales are calculated.

Accordingly, the expenses related to sales like budgeted selling expenses and budgeted administrative expenses are determined.

Requirement 1

To compute:

Budgeted sales for the next year

To determine

Requirement 2

To determine:

1. Budgeted selling expenses for next year

2. Budgeted administrative expenses for next year