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The following budget information relates to the Coca-Cola Company. For the year of 2019, the following data are developed: 1. Sales: 60,000 units; unit selling

The following budget information relates to the Coca-Cola Company. For the

year of 2019, the following data are developed:

1. Sales: 60,000 units; unit selling price: $55

2. Variable costs per dollar of sales:

Sales commissions 5%

Delivery expense 1%

Utilities 4%

3. Fixed costs per year:

Office salaries $36,000

Rent 20,000

Depreciation 5,000

Insurance 4,000

Interest 1,000

Instructions

Prepare a selling and administrative expense budget for the year.

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