(Click the icon to view the sales budget and inventory, purchases, and cost of goods sold budget.) Prepare a selling and administrativ 2018 and totals for the nine-month March 31 June 30 September 30 Total Variable expenses: Commissions Expense Miscellaneous Expenses Total variable expenses Fixed expenses: Rent Expense Salaries Expense Depreciation Expense Total food expenses Total selling and administrative expenses Choose from any list or enter any number in the input fields and then click Check Answer: All parts showing Stewart, Inc. Sales Budget Nine Months Ended September 30, 2018 Quarter Ended March 31 June 30 September 30 Nine-Month Total Cash sales, 40% $ 60,000 $ 90,000 Credit sales, 60% 80,000 $ 120,000 70,000 $ 105,000 210,000 315,000 Total sales $ 150,000 $ 200,000 $ 175,000 $ 525,000 Stewart, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2018 Quarter Ended Quarter Ended Quarter Ended Nine- Reference 90,000 120,000 105,000 315,000 Credit sales, 60% 150,000 $ 200,000 $ 175,000 $ 525,000 Total sales Stewart, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2018 Quarter Ended Quarter Ended Quarter Ended March 31 June 30 September 30 Nine-Month Total $210,000 $60,000 $23,000 $80,000 $22,000 $70,000 $25,000 Cost of goods sold Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted purchases $83,000 $20,000 $102,000 $23,000 $95,000 $22,000 $63,000 $79,000 $73,000 Print Print Done Stewart, Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget for the nine months ended September 30, 2018, follow: (Click the icon to view the sales budget and inventory, purchases, and cost of goods sold budget.) Stewart's selling and administrative expenses include the following: (Click the icon to view the expenses.) Prepare a selling and administrative expense budget for each of the e-month period Data Table Mard btal Variable expenses Commissions Expense Miscellaneous Expenses Total variable expenses Fixed expenses Rent Expense Salaries Expense Depreciation Expense Rent, $2,500 per month Salaries. $2,500 per month Commissions, 5% of sales Depreciation, $1,700 per month Miscellaneous expenses, 2% of sales Print Total food expenses Done Total selling and administrative expenses Chennar