Question
Splish Company classifies its selling and administrative expenses budget into variable and fixed components. It expects variable expenses to be $ 23,900 in the first
Splish Company classifies its selling and administrative expenses budget into variable and fixed components. It expects variable expenses to be $ 23,900 in the first quarter, and expects $ 5,200 increments in the remaining quarters of 2022. It expects fixed expenses to be $ 43,800 in each quarter. Prepare the selling and administrative expenses budget by quarters for 2022.
| SPLISH COMPANY Selling and Administrative Expense Budget For the Year Ending December 31, 2022 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Quarter | |||||||||||
| 1 | 2 | 3 | 4 | Year | |||||||
| Variable costs | $ enter a dollar amount | $ enter a dollar amount | $ enter a dollar amount | $ enter a dollar amount | $ enter a dollar amount | ||||||
| Fixed costs | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||||
| Total | $ enter a total amount | $ enter a total amount | $ enter a total amount | $ enter a total amount | $ enter a total amount | ||||||
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Financial Accounting
Authors: Michael J. Jones
1st Edition
0470058986, 978-0470058985
