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Current Attempt in Progress Swifty Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6
Current Attempt in Progress Swifty 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 Sales: 16,400 units quarter 1; 18.040 units quarter 2. 2 Variable costs per dollar of sales: sales commissions 5% delivery expense 2%, and advertising 3% 3 Fixed costs per quarter: sales salaries $9,840, office salaries $6,560, depreciation $3,440, insurance $1.230, utilities $660, and repairs expense $410. 4. Unit selling price: $20 Prepare a selling and administrative expense budget by quarters for the first 6 months of 2022. (List variable expenses before fixed expense) eTextbook and Media SWIFTY COMPANY Selling and Administrative Expense Budget Quarter 2 Six Months
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