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TB Problem Qu. 8-233 Wala Inc. bases its selling and administrative expense ... Wala Inc. bases...

TB Problem Qu. 8-233 Wala Inc. bases its selling and administrative expense ...

Wala Inc. bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $4.80 per unit. The budgeted fixed selling and administrative expense is $30,180 per month, which includes depreciation of $3,450. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget shows 3,700 units are planned to be sold in July.

Required:

Prepare the selling and administrative expense budget for July.

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Answer #1

--Requirement

Selling & Adminitrative expense Budget for July
A Budgeted units to be sold 3700
B Variable selling & administrative expense per unit $4.80
C = A x B Total Variable selling & admin expenses $17,760
D Total Fixed selling & admin expenses $30,180
E = C+D Total Budgeted Selling & Administrative expense $47,940
F Depreciation $3,450
G = E - F Budgeted CASH selling & admin expense $44,490
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