Prepare an operating expenses budget. (Obj. 4). Deep South Company has projected its sales for 19X9 to be $1,200,000. Selling expenses are projected as follows:

Salaries of sales manager and other sales office personnel Advertising expense Commissions of two salespersons Shipping and delivery costs Miscellaneous

$118,000

$24,000, plus 2% of sales 10% of sales (guarantee of

$3,500 each per month)

$20,000, plus 5% of sales

$2,000, plus 3% of sales (

Prepare a selling expense budget for 19X9.

LO.1