Question
Budgeted selling and administrative expenses per month follow. Salary expense (fixed) $ 18,000 Sales commissions 5 percent of Sales Supplies expense 2 percent of Sales
Budgeted selling and administrative expenses per month follow. | |
Salary expense (fixed) | $ | 18,000 | |
Sales commissions | 5 | percent of Sales | |
Supplies expense | 2 | percent of Sales | |
Utilities (fixed) | $ | 1,400 | |
Depreciation on store fixtures (fixed)* | $ | 4,000 | |
Rent (fixed) | $ | 4,800 | |
Miscellaneous (fixed) | $ | 1,200 | |
|
* | The capital expenditures budget indicates that Haas will spend $164,000 on October 1 for store fixtures, which are expected to have a $20,000 salvage value and a three-year (36-month) useful life. |
Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a selling and administrative expenses budget and a cash payments budget for selling and administrative expenses. (Round your answers to nearest whole dollar amount.) It is wgat I made, but I'm not sure how to find de sales comissions and supplies expenses |
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