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Prepare a monthly flexible selling expense budget for Podism Company for sales volumes of $270,000, $350,000, and $480,000, based on the following data: Sales commissions
Prepare a monthly flexible selling expense budget for Podism Company for sales volumes of $270,000, $350,000, and $480,000, based on the following data:
Sales commissions | 7% of sales |
Sales manager's salary | $62,000 per month |
Advertising expense | $70,000 per month |
Shipping expense | 2% of sales |
Miscellaneous selling expense | $2,500 per month plus 1/2% of sales |
Advertising expenseMiscellaneous selling expenseSales commissionsSales manager's salarySales volumeShipping expense | $270,000 | $350,000 | $480,000 |
Variable expense: | |||
Advertising expenseSales commissionsSales manager's salarySales volume | $- Select - | $- Select - | $- Select - |
Advertising expenseSales manager's salarySales volumeShipping expense | - Select - | - Select - | - Select - |
Advertising expenseMiscellaneous selling expenseSales manager's salarySales volume | - Select - | - Select - | - Select - |
Total variable expense | $fill in the blank 14 | $fill in the blank 15 | $fill in the blank 16 |
Fixed expense: | |||
Sales commissionsSales manager's salarySales volumeShipping expense | $- Select - | $- Select - | $- Select - |
Advertising expenseSales commissionsSales volumeShipping expense | - Select - | - Select - | - Select - |
Miscellaneous selling expenseSales commissionsSales volumeShipping expense | - Select - | - Select - | - Select - |
Total fixed expense | $fill in the blank 29 | $fill in the blank 30 | $fill in the blank 31 |
Total selling expense | $fill in the blank 32 | $fill in the blank 33 | $fill in the blank 34 |
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