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Exercise 5-9 Bramble & Hill Fabricators produces commemorative bricks that organizations use for fundraising projects. Aaron Bramble, the company's vice president of marketing, has prepared
Exercise 5-9
Bramble & Hill Fabricators produces commemorative bricks that organizations use for fundraising projects. Aaron Bramble, the company's vice president of marketing, has prepared the following sales forecast for the first six months of the coming year. The company plans to sell the bricks for $8 each.
Bramble & Hill Fabricators produces commemorative bricks that organizations use for fundraising projects. Aaron Bramble, the company's vice president of marketing, has prepared the following sales forecast for the first six months of the coming year. The company plans to sell the bricks for $8 each January February March April May June 11,000 21,450 19,250 29,000 23,000 20,000 Bramble & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions. Depreciation Sales staff salaries $13,750 Advertising Executive salaries $5,500 $5,500 $550 Miscellaneous $275 In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 3% of the sales revenue from each brick sold. The company expects bad debt expense to be 2% of sales revenue. Prepare Bramble & Hll's selling and administrative expense budget for the first quarter of the coming year. (Round answers to O decimal places, e.g. 5,275.) Bramble & Hill Fabricators produces commemorative bricks that organizations use for fundraising projects. Aaron Bramble, the company's vice president of marketing, has prepared the following sales forecast for the first six months of the coming year. The company plans to sell the bricks for $8 each January February March April May June 11,000 21,450 19,250 29,000 23,000 20,000 Bramble & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions. Depreciation Sales staff salaries $13,750 Advertising Executive salaries $5,500 $5,500 $550 Miscellaneous $275 In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 3% of the sales revenue from each brick sold. The company expects bad debt expense to be 2% of sales revenue. Prepare Bramble & Hll's selling and administrative expense budget for the first quarter of the coming year. (Round answers to O decimal places, e.g. 5,275.)Step by Step Solution
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