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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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