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Swifty Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following
Swifty 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: 21,600 units quarter 1: 23,760 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 $12,960, office salaries $8,640, depreciation $4,480, insurance $1,620, utilities $920, and repairs expense $540, Prepare a selling and administrative expense budget by quarters for the first 6 months of 2022. (List viable expenses before fixed expense.) 4. Unit selling price: $20. SWIFTY COMPANY Selling and Administrative Expense Budget > > > > > > Quarter Six Months Quarter 2 Six Months SWIFTY COMPANY Selling and Administrative Expense Budget > < > > $ eTextbook and Media. Attempts unlimited
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