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Coronado Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following
Coronado Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following data are available 1 2 3 Sales 23,600 units quarter 1: 25,960 units quarter 2 Variable costs per dollar of sales: sales commissions 5%, delivery expense 2% and advertising 3%. Fixed costs per quarter sales salaries $14,160, office salaries $ 9.440. depreciation 54,880, insurance 5 1.770, utilities 1.020, and repairs expense $ 590, Unit selling price: $ 20 4 Prepare a selling and administrative expense budget by quarters for the first 6 months of 2022. (List variable expenses before found expense.) CORONADO COMPANY Selling and Administrative Expense Budget Quarter 1 2 Six Months > > $ STO 319F C
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