Prepare a selling and administrative expense budget for the year 2015:

For the year 2015, the following data are developed by Mariel Corporation for the purpose of preparing the selling and administrative expense:

SELLING AND ADMINISTRATIVE For the year 2015, the following data are developed by Mariel Corporation for the purpose of preparing the selling and administrative expense: Sales 45,000 units Unit selling price P 10 Variable cost per unit of sale Sales commissions 5% Delivery expense 2% Advertising 10% Supplies 1% Fixed cost Sales salaries P 20,000 Office salaries 15,000 Depreciation expense 10,000 5,000 7,500 Insurance Utilities