Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Prepare Operating expenses (marketing, administration, and financial expenses) budget fot three months ending 31 march Self-test problem 3.1 Rundle Lidha estimated for any tools Fe
Prepare Operating expenses (marketing, administration, and financial expenses) budget fot three months ending 31 march Self-test problem 3.1 Rundle Lidha estimated for any tools Fe March 150 000 150 000 120 000 105 000 The marken on cost it 50% and management requires that evening stock De doset sales costeach month Poor purchases budget for the three months ng 3 March You should now be able to do Questions 2.1 to 3.3. 130 May A 20% 5500/3 1450 The map body herm & Co shown below Oname 400 2000 220 7200 730 79 Avto 13 450 2700 13 Self-test problem 3.5 Refer to Self test problem 3.1. Runde Lid provides you with the following information relating to estimated expenses Expense details Sales representatives salaries 572 000 pe apportioned caly each month Cartage outwards 5% of sales Advertising 3x of sales General salaries and wages $144 000 p apportioned equally each month Audit fees $2400 pa soportioned equally each month Payroll on costs treated as an administration expense) 15% of total payron Rent $43 200 pa apponioned equally each month Depreciation $27 600 pa apportioned equally each month Telephone $1 800 pa apportioned equally each month Stationery 51 800 portioned early each month Interest on loan January-5830 February-5820 March 9810 Bank changes $720 pe apportioned equally each month Budgeting Third Edition 131 CHAPTER OPERATING BUDGETS FOR MERCHANDISING AND SERVICE OR CANISATIONS Required Prepare the operating expenses marketing, administration, and financial expenses) budget for the three months ending 31 March Self-test problem 3.1 Rundle Lidha estimated for any tools Fe March 150 000 150 000 120 000 105 000 The marken on cost it 50% and management requires that evening stock De doset sales costeach month Poor purchases budget for the three months ng 3 March You should now be able to do Questions 2.1 to 3.3. 130 May A 20% 5500/3 1450 The map body herm & Co shown below Oname 400 2000 220 7200 730 79 Avto 13 450 2700 13 Self-test problem 3.5 Refer to Self test problem 3.1. Runde Lid provides you with the following information relating to estimated expenses Expense details Sales representatives salaries 572 000 pe apportioned caly each month Cartage outwards 5% of sales Advertising 3x of sales General salaries and wages $144 000 p apportioned equally each month Audit fees $2400 pa soportioned equally each month Payroll on costs treated as an administration expense) 15% of total payron Rent $43 200 pa apponioned equally each month Depreciation $27 600 pa apportioned equally each month Telephone $1 800 pa apportioned equally each month Stationery 51 800 portioned early each month Interest on loan January-5830 February-5820 March 9810 Bank changes $720 pe apportioned equally each month Budgeting Third Edition 131 CHAPTER OPERATING BUDGETS FOR MERCHANDISING AND SERVICE OR CANISATIONS Required Prepare the operating expenses marketing, administration, and financial expenses) budget for the three months ending 31 March
Prepare Operating expenses (marketing, administration, and financial expenses) budget fot three months ending 31 march
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started