Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Agent Blaze uses flexible budgets that are based on the following data: Sales commissions 5% of sales Advertising expense 20% of sales Miscellaneous seling expense

image text in transcribed
Agent Blaze uses flexible budgets that are based on the following data: Sales commissions 5% of sales Advertising expense 20% of sales Miscellaneous seling expense $2,050 plus 4% of sales Office salaries expense $14,000 per month Office supplies expense 5% of sales Miscellaneous administrative expense $1,450 per month plus 3% of sales Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $90,000, $115,000, and $135,000 all amounts as positive numbers, Agent Blaze Flexible Selling and Administrative Expenses Budget For the Month Ending January 31, 2016 Total sales $90,000 $115,000 $135,000 Variable cost: Sales commissions Advertising expense Miscellaneous selling expense Office supplies expense Miscellaneous administrative expense Total variable cost Fixed cost Miscellaneous selling expense Otice salaries expense Miscellaneous administrative expense EES Total fused cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Reporting And Audit Quality An Empirical Analysis In The European Setting

Authors: Chiara Demartini, Sara Trucco

1st Edition

3319488252, 9783319488257

More Books

Students also viewed these Accounting questions

Question

8.7 Evaluate at least five traditional training techniques.

Answered: 1 week ago

Question

8.5 Identify the five-step training process.

Answered: 1 week ago