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Swifty & Ivanhoe Fabricators produces commemorative bricks that organizations use for fundraising projects. Donald Swifty, the company's vice president of marketing, has prepared the following

Swifty & Ivanhoe Fabricators produces commemorative bricks that organizations use for fundraising projects. Donald Swifty, the company's vice president of marketing, has prepared the following sales forecast for the first six months of the coming year. The company plans to sell the bricks for $22 each.

January

February

March

April

May

June

25,000

28,000

32,000

34,000

26,000

35,000

Swifty & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions.

Depreciation

$14,000

Sales staff salaries

$26,000

Advertising

$2,400

Executive salaries

$37,000

Miscellaneous

$1,600

In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 8% of the sales revenue from each brick sold. The company expects bad debt expense to be 2% of sales revenue. Prepare Swifty & Hill's selling and administrative expense budget for the first quarter of the coming year.

January

February

March

Quarter

select an item CommissionAdvertisingDepreciationSales Staff SalariesExecutive SalariesMiscellaneousBad Debt Expense

$enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount

select an item DepreciationMiscellaneousCommissionExecutive SalariesAdvertisingBad Debt ExpenseSales Staff Salaries

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

select an item Sales Staff SalariesAdvertisingCommissionExecutive SalariesBad Debt ExpenseDepreciationMiscellaneous

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

select an item DepreciationAdvertisingSales Staff SalariesMiscellaneousCommissionExecutive SalariesBad Debt Expense

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

select an item CommissionAdvertisingSales Staff SalariesDepreciationMiscellaneousBad Debt ExpenseExecutive Salaries

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

select an item DepreciationCommissionExecutive SalariesBad Debt ExpenseSales Staff SalariesMiscellaneousAdvertising

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

select an item CommissionExecutive SalariesDepreciationSales Staff SalariesAdvertisingMiscellaneousBad Debt Expense

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

select a closing name for section one Total Budgeted ExpensesBudgeted ExpensesTotal Budgeted RevenuesBudgeted RevenuesTotal Cash CostsNon-Cash Expenses

$enter a total amount for section one $enter a total amount for section one $enter a total amount for section one $enter a total amount for section one

select between addition and deduction AddLess : select an opening name for section two Budgeted RevenuesTotal Budgeted ExpensesBudgeted ExpensesTotal Budgeted RevenuesNon-Cash ExpensesTotal Cash Costs

select an item CommissionBad Debt ExpenseAdvertisingSales Staff SalariesMiscellaneousDepreciationExecutive Salaries

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

select an item AdvertisingCommissionMiscellaneousExecutive SalariesBad Debt ExpenseDepreciationSales Staff Salaries

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

select a closing name for this budget Budgeted ExpensesTotal Budgeted RevenuesBudgeted RevenuesTotal Budgeted ExpensesNon-Cash ExpensesTotal Cash Costs

$enter a total amount $enter a total amount $enter a total amount $enter a total amount

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