Kingbird Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first six months of $2022,$ the following data are available:

$1.$ Sales: $19,500$ units in quarter $1$; $22,500$ units in quarter $2$

$2.$ Variable costs per dollar of sales: sales commissions $5\%$; delivery expense $2\%$; and advertising $4\%$

$3.$ Fixed costs per quarter: sales salaries $$10,000$; office salaries $$7,400$; depreciation $$4,200$; insurance $$1,700$; utilities $$800$; and repairs expense $$600$

$4.$ Unit selling price: $$22$

Prepare a selling and administrative expenses budget by quarters for the first six months of $2022.$

KINGBIRD COMPANY

Selling and Administrative Expenses Budget

For the Six Months Ending June $30,2022$

$1$

$2$

Total

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Budgeted sales Variable expenses Fixed expenses Total selling and administrative expense Operating expenses

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Budgeted sales Variable expenses Fixed expenses Total selling and administrative expense Operating expenses

$enter a dollar amount

$enter a dollar amount

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select an item

Budgeted sales Variable expenses Fixed expenses Total selling and administrative expense Operating expenses

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select a closing name for this budget

Budgeted sales Variable expenses Fixed expenses Total selling and administrative expense Operating expenses

$enter a total amount

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