Question
Brookes Inc. budgeted for fixed selling and administrative expenses below. The variable selling and administrative rate based on budgeted units is $11/hour. Please prepare the
Brookes Inc. budgeted for fixed selling and administrative expenses below. The variable selling and administrative rate based on budgeted units is $11/hour. Please prepare the Selling and Administrative Expense Budget. Fixed selling and administrative expenses based on units sold: Advertising $4,500 Executive Salaries 500 Q2 Insurance 300 Q3 Insurance 4,200 Q4 Property taxes 4,300 Depreciation 10,000 Selling and Administrative Expense Budget Q1 Q2 Q3 Q4 Year Budgeted Sales Variable selling & admins expense $11 $11 $11 $11 $11 Total budgeted variable selling & administrative expense Budgeted fixed selling & admin. expenses: Advertising Executive Salaries Insurance Property taxes Depreciation Total budgeted fixed selling & admin. expense Total budgeted selling & admin. expenses Less: Depreciation Cash disbursements for selling & administrative expenses
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