Question

Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget....

Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available.

1. Sales: Quarter 1: 20,000 units Quarter 2: 22,000 units

2. Variable costs per dollar of sales: sales comissions 5%, delivery expense 2%, and advertising 3%.

3. Fixed costs per quarter: sales salaries $12,000, office salaries $8,000, depreciation $4,200, insurance $1,500, utilities $800, and repairs expense $500

4. Units selling price: $20.

Instructions:

Prepare a selling and administrative expense budget by quarters for the first 6 moths of 2020.

Business   Accounting   
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