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Domino Consulting, budgeted overhead and other expenses as follows for the year ended December 31, 2023: Overhead: Rent $ 25,000 Repairs 10,000 Fuel 35,000 Maintenance
Domino Consulting, budgeted overhead and other expenses as follows for the year ended December 31, 2023:
Overhead:
Rent $ 25,000
Repairs 10,000
Fuel 35,000
Maintenance 15,750
Supplies 6,100
Heat and light 20,250
Depreciation-computer 9,400
Miscellaneous 6,000
Depreciation-building 18,000
Depreciation-equipment 12,000
Wages 600,000
Fringe benefits 9,000
Other direct expenses:
Travel $15,000
Entertainment 12,000
1. Prepare an Overhead budget. 2. Prepare an Other Expenses budget. 3. Prepare a Budgeted Income Statement.
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