Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Flexible Budget for Selling and Administrative Expenses for a Service Company Morningside Technologies Inc. uses flexible budgets that are based on the following data: Sales

image text in transcribed

Flexible Budget for Selling and Administrative Expenses for a Service Company Morningside Technologies Inc. uses flexible budgets that are based on the following data: Sales commissions 6% of sales 17% of sales Advertising expense Miscellaneous administrative expense $1,500 per month plus 1% of sales Office salaries expense $14,000 per month $2,150 plus 2% of sales Customer support expenses Research and development expense 2,850 per month Prepare a flexible selling and administrative expenses budget for April for sales volumes of $95,000, $120,000, and $145,000. Enter all amounts as positive numbers. Morningside Technologies Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 Total sales $95,000 $120,000 $145,000 Variable cost: Sales commissions 5,700 $ Advertising expense Miscellaneous administrative expense Customer support expenses Total variable cost $ Fixed cost: Miscellaneous administrative expense Office salaries expense Customer support expenses Winni liimi Research and development expense Total fixed cost $ Total selling and administrative expenses $ $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Montgomery Auditing Continuing Professional Education

Authors: Patrick J. McDonnell, Barry N. Winograd, James S. Gerson, Henry R. Jaenicke, Vincent M. O'Reilly

12th Edition

0471346055, 978-0471346050

More Books

Students also viewed these Accounting questions

Question

How could Discount on Notes Payable be adjusted?

Answered: 1 week ago

Question

tactin

Answered: 1 week ago

Question

Evaluate the impact of unions on nurses and physicians.

Answered: 1 week ago

Question

Describe the impact of strikes on patient care.

Answered: 1 week ago

Question

Evaluate long-term care insurance.

Answered: 1 week ago