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Miller Co. classifies its selling and administrative expense budget into variable and fixed components. Variable expenses...

Miller Co. classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $15,200 in the first quarter, and $4,500 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $24,300 in each quarter. What is the total amount to be budgeted for selling and administrative expenses for quarter 2?

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Answer #1
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Quarter 1

Quarter 2

A

Variable Expenses

$            15,200.00

$           19,700.00 [15200 + 4500]

B

Fixed Expenses

$            24,300.00

$           24,300.00

C = A+B

Total Amount to be budgeted for Selling & Admin expenses

$            39,500.00

$           44,000.00 = Answer

  • Answer: = $ 44,000= Quarter 2 Selling & Administrative expenses
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