Question
Coronado Company classifies its selling and administrative expenses budget into variable and fixed components. It expects variable expenses to be $24,700 in the first quarter,
Coronado Company classifies its selling and administrative expenses budget into variable and fixed components. It expects variable expenses to be $24,700 in the first quarter, and expects $4,700 increments in the remaining quarters of 2022. It expects fixed expenses to be $37,300 in each quarter. Prepare the selling and administrative expenses budget by quarters for 2022.
CORONADO COMPANY Selling and Administrative Expense Budget For the Year Ending December 31, 2022 | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Quarter | |||||||||||
1 | 2 | 3 | 4 | Year | |||||||
Variable costs | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | ||||||
Fixed costs | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||||
Total | $enter a total amount | $enter a total amount | $enter a total amount | $enter a total amount | |||||||
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