Question
During the first quarter of 2021, Lexi Cat Candy Company sales budget consists of $95,000 in January, $99,000 in February and $105,000 in March. Additionally,
During the first quarter of 2021, Lexi Cat Candy Company sales budget consists of $95,000 in January, $99,000 in February and $105,000 in March.
Additionally, budgeted operating expenses include the following:
Rent, $2,500 per month
Salary, $4,000 per month
Commissions: 2% of sales
Depreciation, $1,500 per month
Miscellaneous expense, 1% of sales
Requirement
Prepare an operating expenses budget for the first Quarter of 2022:
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Financial Accounting
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
9th Edition
1118608208, 978-1118608203
