The actual selling expenses incurred in March 2010 by Trusler Company are as follows. Instructions(a) Prepare a
Question:
The actual selling expenses incurred in March 2010 by Trusler Company are as follows.
Instructions(a) Prepare a flexible budget performance report for March using the budget data in E24-5, assuming that March sales were $170,000. Expected and actual sales are the same.(b) Prepare a flexible budget performance report, assuming that March sales were $180,000. Expected sales and actual sales are the same.(c) Comment on the importance of using flexible budgets in evaluating the performance of the salesmanager.
Transcribed Image Text:
Fixed Expenses Sales salaries Depreciation Insurance Variable Expenses Sales commissions Advertising Travel $9,200 7,000 $34,000 1,000 5,100 3,500 Delivery
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
a TRUSLER COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31 2010 Differenc...View the full answer
Answered By
Ehsan Mahmood
I’ve earned Masters Degree in Business Studies and specialized in Accounts & Finance. Couple with this, I have earned BS Sociology from renowned institute of Pakistan. Moreover, I have humongous teaching experience at Graduate and Post-graduate level to Business and humanities students along with more than 7 years of teaching experience to my foreign students Online. I’m also professional writer and write for numerous academic journals pertaining to educational institutes periodically.
4.90+
248+ Reviews
287+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
The actual selling expenses incurred in March 2012 by DeWitt Company are as follows. Instructions (a) Prepare a flexible budget performance report for March using the budget data in E21-5, assuming...
-
The actual selling expenses incurred in March 2014 by DeWitt Company are as follows. Instructions (a) Prepare a flexible budget performance report for March using the budget data in E10-5, assuming...
-
The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Instructions (a) Prepare a flexible budget performance report for March using the budget data in E24-5, assuming...
-
List three factors that help to determine store image?
-
On April 1, Adventures Travel Agency Inc Inc. began operations. The following transactions were completed during the month: 1. Issued common shares for $5,000 cash. 2. Obtained a bank loan for...
-
An absorption refrigeration system that receives heat from a source at 95oC and maintains the refrigerated space at 0oC is claimed to have a COP of 3.1. If the environmental temperature is 19oC, can...
-
A company recognizes a lease as a capital lease when a. the lease term is less than 75% of the estimated useful life of the leased asset. b. the lease has no option to purchase the asset at the end...
-
A large St. Louis feed mill, Robert Orwig Processing, prepares its 6- month aggregate plan by forecasting demand for 50- pound bags of cattle feed as follows: January, 1,000 bags; February, 1,200;...
-
Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 340 units from the January 30 purchase, 5 units...
-
Clark Shuman, owner and general manager of an automobile dealership, was nearing retirement and wanted to begin relinquishing his personal control over the businesss operations. (See Shuman...
-
Trusler Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $170,000 to $200,000.Variable costs and their percentage relationship to sales are:...
-
Pletcher Company's manufacturing overhead budget for the first quarter of 2010 contained the following data. Actual variable costs were: indirect materials $13,800, indirect labor $9,600, utilities...
-
The alternative to multiple inheritance in Java is known as a(n) ____________. a. Superobject b. Abstract class c. Interface d. None of the above
-
Nantucket Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3,300 units of Prime and 2,000 units of Luxuria in 2019.The following estimates are given for...
-
Using Georgia law, draft a client opinion letter to Brent on how the court will respond to the following scenario: Use the sources listed below and locate Georgia primary sources that are relevant to...
-
Mike Campbell and his best friend, John Wright, were driving north on I-95 returning from spring break in Florida, when they were stopped by members of a drug task force made up of Volousia County...
-
For the Cobb-Douglas production function q (K, L) = AKL-a prove that it is subject to the three properties of linearly homogeneous production functions, i.e., 1. APL and APK are both function of the...
-
1. You have been dispatched to 123 Anywhere St. for a neighbour dispute.The complainant is the homeowner, Amanda. As you arrive, Matteo, the basement tenant, is waiting for you outside.Matteo tells...
-
Akua works in the manufacturing department of Impala Iron Works (IIW) as a machine operator. Akua, a long-time employee of IIW, is paid on an hourly basis at a rate of \($25\) per hour. She works...
-
A number of years ago the United Food and Commercial Workers Union organized 800 workers of the 1035 employees at one of the Wilson Brothers food operations in Toronto, Ontario. The employees include...
-
Iron (Fe) and silicon (Si) are common elements in Earths crust. How much more massive is iron than silicon?
-
Pierre Manufacturing Company has four operating divisions. During the first quarter of 2012, the company reported total income from operations of $61,000 and the following results for the divisions....
-
Last year (2011), Solomon Condos installed a mechanized elevator for its tenants. The owner of the company, Sam Solomon, recently returned from an industry equipment exhibition where he watched a...
-
Verdugo Corporation is considering three long-term capital investment proposals. Relevant data on each project are as follows. Salvage value is expected to be zero at the end of each project....
-
ABC Inc.'s wants to fund a $5 million investment by using its $ 3 million of retained earnings and borrowing $2 million. ABC Inc.'s common shareholders received a $2 per share dividend last year and...
-
Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). WIP inventory-Department T Beginning inventory ((9,000...
-
In understanding Menu Engineering describe the relation and use of Good Value analysis. Describe the similarities and differences between the two.
Study smarter with the SolutionInn App