1. Fillmore, Inc., expects sales of its housing for electric motors to be $87,000, $81,000, and $92,000 for January, February, and March, respectively. Its variable selling and administrative expenses are 8 percent of sales, and fixed selling and administrative expenses are $11,000 per month.

Compute Fillmores selling and administrative expense budget for January, February, and March.

	January	February	March
Budgeted Selling and Adminitrative Expenses

2. Getty Company expects sales for the first three months of next year to be $200,000, $235,000 and $298,000, respectively. Getty expects 35 percent of its sales to be cash and the remainder to be credit sales. The credit sales will be collected as follows: 60 percent in the month of the sale and 40 percent in the following month.

Compute a schedule of Gettys cash receipts for the months of February and March.

	February	March
Budgeted Cash Receipts