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iPad 10% 9:24 AM c Chegg Study I ded Sol x edugen.wileypluss.com/ed x C D edugen.wileyplus.com main uni Kimmel, Accounting: Tools for Business Decision Making, 5e Help l System Announcements (2 Unread) CALCULATOR PRINTER VERSION BACK NEXT Exercise 22-5 DeWitt Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $167,100 to $200,700. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 6% traveling 3%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,206, depreciation on delivery equipment $6,631, and insurance on delivery equipment $1,118 Prepare a monthly flexible budget for each $11,200 increment of sales within the relevant range for the year ending December 31, 2014. (List variable costs before fixed costs.) DEWITT COMPANY Monthly Selling Expense Flexible Budget For the Year 2014 Click if you would like to Show work for this question Open Show Work LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER Earn Maximum Points available only if you answer this question correctly in two attempts or less.Explanation / Answer
DEWITT COMPANY Monthly selling expense flexible budget for the year 2014 Sales $ 1,67,100 $ 1,78,300 $ 1,89,500 $ 2,00,700 Selling Expenses sales commissions $ 11,697 $ 12,481 $ 13,265 $ 14,049 Advertising $ 10,026 $ 10,698 $ 11,370 $ 12,042 Travelling $ 5,013 $ 5,349 $ 5,685 $ 6,021 Delivery $ 3,342 $ 3,566 $ 3,790 $ 4,014 Fixed selling Expnese: sales salary $ 35,206 $ 35,206 $ 35,206 $ 35,206 depreciation on delivery equipment $ 6,631 $ 6,631 $ 6,631 $ 6,631 Insurance on delivery equipment $ 1,118 $ 1,118 $ 1,118 $ 1,118 Total selling expense $ 73,033 $ 75,049 $ 77,065 $ 79,081
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