Flexible Budget for Selling and Administrative Expenses Agent Blaze uses fRexibl

Question

Flexible Budget for Selling and Administrative Expenses Agent Blaze uses fRexible budgets that are based on the following data 7% of sales 16% of sales $2,150 plus 2% of sales $14,000 per month 3% of sales $1,500 per month plus 1% of sales Advertising expense Office salaries expense Office supplies expense Hide Prepare a flexible selling and ad amounts as positive numbers ative expenses budget for January 2014, for sales volumes of s95.000, $120,000, and $145,000. (Use Exhibit 5 as a model.) Enter all

Explanation / Answer

Flexible Selling and administrative expenses Budget for January 2014

95,000 120,000 145,000 Sales commissions 6,650 (95,000*7%) 8,400 (120,000*7%) 10,150 (145,000*7%) Advertising expense 15,200 (95,000*16%) 19,200 (120,000*16%) 23,200 (145,000*16%) Miscellaneous selling expense 4,050 [2,150+(95,000*2%)]   4,550 [2,150+(120,000*2%)] 5,050 [2,150+(145,000*2%)] Office salaries expenses 14,000 14,000 14,000 Office supplies expense 2,850 (95,000*3%) 3,600 (120,000*3%) 4,350 (145,000*3%) Miscellaneous administrative expense 2,450 [1500+(95,000*1%)] 2,700 [1500+(120,000*1%)] 2,950 [1500+(145,000*1%)] 45,200 52,450 59,700

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