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Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,000,000. There is a 4% commission on sales. In
Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,000,000. There is a 4% commission on sales. In addition, fixed expenses of the sales and administrative offices include the following:
Salaries | $ 960,000 |
Utilities | 365,000 |
Office space | 230,000 |
Advertising | 1,200,000 |
Required:
Prepare a selling and administrative expenses budget for Fazel Company for the coming year.
Fazel Company | ||
Selling and Administrative Expenses Budget | ||
For the Coming Year | ||
Variable selling expenses | $ | |
Fixed expenses: | ||
Salaries | $ | |
Utilities | ||
Office space | ||
Advertising | ||
Total fixed expenses | ||
Total selling and administrative expenses | $ |
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