The company, OutofIt's,expectedrevenuesandexpensesforthequarterended31Decemberare:

	October	November	December
ProjectedSales	$135,000	$160,000	$145,000

Monthlyexpenses:

Wages&Salaries(split Marketing55%,Administration45%)	$20,000
DepreciationofMotorVehiclesformarketingactivities	1,200
Depreciation of fixtures andfittings (split Marketing55%andAdministration45%)	1,500
Stationeryforadministrationactivities	900
Rent for administrationactivities	600
Interest onloan	500
Generalexpenses(split Marketing60%andAdministration40%)	1,000
Bankcharges	75
Advertising $1,200 p.m. plus 3% ofsales
Commission 4% ofsales
Freight 2% ofsales
Discount Allowed 1.5% ofsales
Payroll on costs being 5.0% ofWages and Salaries (classified as for Wages and Salaries)

Required:

Aclassifiedexpensesbudgetforthequarter ending31December using the table below.

Tip: Ensure that all expenses are for the quarter, i.e. 3 months.

ClassifiedExpensesBudget - Quarter ending31December

Budgeted sales revenue for Dec quarter = $

	Marketing	Administration	Financial	TOTAL $
Wages and salaries
Depn of motor vehicles
Depn of fixtures & ftgs
Stationery
Rent
Interest on loan
General
Bank charges
Advertising
Commissions
Cartage
Discount allowed
Payroll on-costs
Total Budgeted Expenses