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(Solved): Flexible Budget For Selling And Administrative Expenses Fuller Enterprises Uses Flexible Budgets Tha ...

Flexible Budget for Selling and Administrative Expenses

Fuller Enterprises uses flexible budgets that are based on the following data:

Sales commissions 5% of sales
Advertising expense 25% of sales
Customer support expense $2,700 plus 3% of sales
Office salaries expense $18,000 per month
Miscellaneous administrative expense $3,000 plus 2% of sales
Research and development expense $1,900 per month

Prepare a flexible selling and administrative expenses budget for July for sales volumes of $120,000, $150,000, and $180,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers.

FULLER ENTERPRISES
Flexible Selling and Administrative Expenses Budget
For the Month Ending July 31
Total sales $120,000 $150,000 $180,000
Variable cost:
$ $ $
Total variable cost $ $ $
Fixed cost:
$ $ $
Total fixed cost $ $ $
Total selling and administrative expenses $ $ $

Expert Answer


Prepare a flexible selling and administrative expenses budget for July for sales volumes of $120,000, $150,000, and $180,000. (Use Exhibit 5 as a model.) Enter all amounts as
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