Question

Swifty & Hill Fabricators produces commemorative bricks that organizations use for fundraising projects. Aaron Swifty, the company's vice president of marketing, has prepared the following sales forecast for the first six months of the coming year. The company plans to sell the bricks for $9 each.

January

February

March

April

May

June

11,400  

22,230  

19,950

29,000

23,000

20,000

January

February

March

April

May

June

11,400  

22,230  

Swifty & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions.

Depreciation		$5,700
Sales staff salaries		$14,250
Advertising		$570
Executive salaries		$5,700
Miscellaneous		$285

In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 3% of the sales revenue from each brick sold. The company expects bad debt expense to be 2% of sales revenue.
Prepare Swifty & Hill's selling and administrative expense budget for the first quarter of the coming year. (Round answers to 0 decimal places, e.g. 5,275.)

January
February
March
Quarter  
Select an opening name for section oneSelect an opening name for section one                                                          Total Budgeted ExpensesTotal Cash CostsNon-Cash ExpensesTotal Budgeted RevenuesBudgeted RevenuesBudgeted ExpensesSelect an itemSelect an item                                                          CommissionAdvertisingMiscellaneousExecutive SalariesSales Staff SalariesBad Debt ExpenseDepreciation$Enter a dollar amount Enter a dollar amount$Enter a dollar amount Enter a dollar amount$Enter a dollar amount Enter a dollar amount$Enter a dollar amount Enter a dollar amountSelect an itemSelect an item                                                          Executive SalariesCommissionBad Debt ExpenseDepreciationSales Staff SalariesMiscellaneousAdvertisingEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountSelect an itemSelect an item                                                          MiscellaneousCommissionExecutive SalariesBad Debt ExpenseSales Staff SalariesDepreciationAdvertisingEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountSelect an itemSelect an item                                                          DepreciationAdvertisingMiscellaneousBad Debt ExpenseExecutive SalariesSales Staff SalariesCommissionEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountSelect an itemSelect an item                                                          CommissionAdvertisingBad Debt ExpenseMiscellaneousSales Staff SalariesExecutive SalariesDepreciationEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountSelect an itemSelect an item                                                          AdvertisingCommissionExecutive SalariesSales Staff SalariesDepreciationMiscellaneousBad Debt ExpenseEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountSelect an itemSelect an item                                                          Bad Debt ExpenseSales Staff SalariesDepreciationCommissionExecutive SalariesAdvertisingMiscellaneousEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountSelect a closing name for section oneSelect a closing name for section one                                                          Total Cash CostsBudgeted ExpensesBudgeted RevenuesNon-Cash ExpensesTotal Budgeted RevenuesTotal Budgeted Expenses$Enter a total amount for section one Enter a total amount for section one$Enter a total amount for section one Enter a total amount for section one$Enter a total amount for section one Enter a total amount for section one$Enter a total amount for section one Enter a total amount for section oneSelect between addition and deductionSelect between addition and deduction                                                          LessAdd : Select an opening name for section twoSelect an opening name for section two                                                          Budgeted RevenuesNon-Cash ExpensesTotal Budgeted RevenuesTotal Cash CostsTotal Budgeted ExpensesBudgeted ExpensesSelect an itemSelect an item                                                          AdvertisingExecutive SalariesCommissionBad Debt ExpenseMiscellaneousDepreciationSales Staff SalariesEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountSelect an itemSelect an item                                                          Sales Staff SalariesAdvertisingCommissionExecutive SalariesDepreciationMiscellaneousBad Debt ExpenseEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountEnter a dollar amountSelect a closing name for section twoSelect a closing name for section two                                                          Total Budgeted ExpensesTotal Budgeted RevenuesTotal Cash CostsNon-Cash ExpensesBudgeted ExpensesBudgeted Revenues$Enter a total amount for section two Enter a total amount for section two$Enter a total amount for section two Enter a total amount for section two$Enter a total amount for section two Enter a total amount for section two$Enter a total amount for section two Enter a total amount for section two

Answer 1