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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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