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Vaughn Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first. six months of 2022, the following
Vaughn Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first. six months of 2022, the following data are available: 1. Sales: 20,500 units in quarter 1:21,500 units in quarter 2 2. Variable costs per dollar of sales: sales commissions 5%; delivery expense 2% : and advertising 4% 3. Fixed costs per quarter: sales salaries $9,200; office salaries $8,600; depreciation $4,400; insurance $1,400; utilities 5700 ; and repairs expense $600 4. Unit selling price: $20 VAUGHN COMPANY Selling and Administrative Expenses Budget For the Six Months Ending June 30, 2022 4
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