Question
Preparing a Selling and Administrative Expenses Budget Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $18,300,000. There
Preparing a Selling and Administrative Expenses Budget
Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $18,300,000. There is a 6% commission on sales. In addition, fixed expenses of the sales and administrative offices include the following:
Salaries$ 960,000Utilities365,000Office space230,000Advertising1,200,000
Required:
Prepare a selling and administrative expenses budget for Fazel Company for the coming year.
Fazel CompanySelling and Administrative Expenses BudgetFor the Coming YearVariable selling expenses$
fill in the blank 1
Fixed expenses:Salaries$
fill in the blank 2
Utilitiesfill in the blank 3
Office spacefill in the blank 4
Advertisingfill in the blank 5
Total fixed expensesfill in the blank 6
Total selling and administrative expenses$
fill in the blank 7
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