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Sheridan Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following
Sheridan Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following data are available.
1. Sales: 17.600 units quarter 1; 19,360 units quarter 2.
2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%.
3. Fixed costs per quarter: sales salaries $10,560, office salaries $7.040, depreciation $3,680, insurance $1,320, utilities $720. and repairs expense $440.
4. Unit selling price: $20.
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