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4. (5 points) The following budget information relates to the Coca-Cola Company. For the year of 2017, the following data are developed: 1. Sales: 60,000

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4. (5 points) The following budget information relates to the Coca-Cola Company. For the year of 2017, the following data are developed: 1. Sales: 60,000 units: unit selling price: $50 2. Variable costs per dollar of sales: Sales commissions Delivery expense Utilities 5% 1% 4% 3. Fixed costs per year: Office salaries Rent Depreciation Insurance Interest $36, 000 20,000 5, 000 3, 000 1,000 Instructions Prepare a selling and administrative expense budget for the year. 5. (15 points)

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