What formulas to use to solve? ent (Chapter 22)13 itemspre: 6.06%eBookAdvertising expenseMiscellaneous administrative expenseFlexible Budget for Selling and Administrative Expenses for a Service CompanyDaybreak Technologies Inc. uses flexible budgets that are based on the following data:Sales commissions7% of sales20% of sales$1,500 per month plus 3% of sales$14,000 per month.$2,150 plus 4% of sales$4,750 per monthOffice salaries expenseCustomer support expensesResearch and development expenseShow Me HowTotal salesVariable cost:Prepare a flexible selling and administrative expenses budget for April for sales volumes of $95,000, $120,000, and $145,000.Daybreak Technologies Inc.Flexible Selling and Administrative Expenses BudgetFor the Month Ending April 30$95,000Sales commissions.Advertising expenseMiscellaneous administrative expenseCustomer support expensesTotal variable costFixed cost:Miscellaneous administrative expenseOffice salaries expenseCustomer support expenses6,65019,000Check My Work 1 more Check My Work uses remaining.$120,0008,40024,000Print ItemAll work saved.$145,000MacBook Pro10,15029,000Email InstructorSave and ExitxNext >Submit Assignment for Grading? mpter 22)Lesson 11 Assessment (Chapte...<eBookverboing expenseMiscellaneous administrative expenseOnline teaching and learning re...Office salaries expenseCustomer support expensesResearch and development expenseTotal salesVariable cost:Sales commissionsShow Me HowED TO OF UrcoCustomer support expensesTotal variable cost$1,500 per month plus 3% of sales$14,000 per month$2,150 plus 4% of sales$4,750 per month.Prepare a flexible selling and administrative expenses budget for April for sales volumes of $95,000, $120,000, and $145,000.Daybreak Technologies Inc.Flexible Selling and Administrative Expenses BudgetFor the Month Ending April 30$95,000Advertising expense.Miscellaneous administrative expenseFixed cost:Miscellaneous administrative expenseOffice salaries expenseCustomer support expensesResearch and development expenseTotal fixed costTotal selling and administrative expenses$$$120,0006,650 $ 8,40019,00024,000Check My Work 1 more Check My Work uses remaining.$Lesson 11 Videos: Accounting ...$All work saved.Print Item$145,0009000Q QOQMacBook Pro10,150C Assignments | Overview29,000Email Instructor Save and ExitxGrades for Hannah Hamann: A...NextSubmit Assignment for Grading

A flexible budget is a budget that adjusts to the different activity or volume levels of the…

Flexible Budget for Selling and Administrative Expenses for a Service Company Daybreak Technologies Inc. uses flexible budgets that are based on the following data: Sales commissions 7% of sales 20% of sales $1,500 per month plus 3% of sales $14,000 per month $2,150 plus 4% of sales $4,750 per month Advertising expense Miscellaneous administrative expense Office salaries expense Customer support expenses Research and development expense Prepare a flexible selling and administrative expenses budget for April for sales volumes of $95,000, $120,000, and $145,000. Daybreak Technologies Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 $95,000 Total sales Variable cost: Sales commissions Advertising expense Miscellaneous administrative expense Customer support expenses Total variable cost Fixed cost: Miscellaneous administrative expense Office salaries expense Customer support expenses 6,650 19,000 $120,000 8,400 24,000 $145,000 10,150 29,000

Flexible Budget for Selling and Administrative Expenses for a Service Company Daybreak Technologies Inc. uses flexible budgets that are based on the following data: Sales commissions 7% of sales 20% of sales $1,500 per month plus 3% of sales $14,000 per month $2,150 plus 4% of sales $4,750 per month Advertising expense Miscellaneous administrative expense Office salaries expense Customer support expenses Research and development expense Prepare a flexible selling and administrative expenses budget for April for sales volumes of $95,000, $120,000, and $145,000. Daybreak Technologies Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 $95,000 Total sales Variable cost: Sales commissions Advertising expense Miscellaneous administrative expense Customer support expenses Total variable cost Fixed cost: Miscellaneous administrative expense Office salaries expense Customer support expenses 6,650 19,000 $120,000 8,400 24,000 $145,000 10,150 29,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 7E: Professional foes earned budget for a service company LundquistFret well. CPAs, offer three types of...

See similar textbooks

Similar questions

Exam Business XYZ has the following projected budget and actual budget for a given month: Budget Actual $25,000 25,575 Рayroll Inventory 12,500 11,900 Rent 7,500 7,600 Services 5,000 5,200 Calculate the percent change that the total of all categories is over budget. [?]% Give your answer as a percent rounded to the nearest tenth. Enter Copyright 2003 - 2021 Acellus Corporation. All Rights Reserved.
Other variabie coeta 5,806 9,100 $42,500 Fixed service oonta Total service conts Marketing and adninistrative costa Marketing (variable vith respeet to neala) Administrative (Eixed) Total narketing and adminietrative conta 6,400 4,200 $10,600 2otal conta $53,100 Required: Prepare a budgeted income statement for June. (Do not round intermedlate calculations.) Carreras Cafe Budgeted Income Sitatement For the month of June Service conts Total service costo Alext
alo252Fframeset.jsp%253Ftab_tab_group_id%253 Study Saved Scora Incorporated sells a single product for $60 per unit. Budgeted sales units for the next three months follow. January 1, 100 February March Budgeted sales units 2,000 1, 200 Prepare a sales budget for the months of January, February, and March. SCORA INC. Sales Budget January February March Budgeted sales units Selling price per unit Total budgeted sales nces Mc Graw ype here to search
Flexible Budget for Selling and Administrative Expenses for a Service Company Digital Solutions Inc. uses flexible budgets that are based on the following data: Sales commissions 14% of sales 20% of sales $5,500 per month plus 12% of sales $28,000 per month $13,000 per month plus 20% of sales $32,000 per month Advertising expense Miscellaneous administrative expense Office salaries expense Customer support expenses Research and development expense Prepare a flexible selling and administrative expenses budget for October for sales volumes of $400,000, $500,000, and $600,000. (Use Exhibit 5 as a model.)
Accounting Please solve it ASAP with all requirements Q.7. Toews Ltd has prepared the following flexible budget for the coming year. The Budgeted level of activity is 7,500 units. £ Sales 250,000 Direct material 75,000 Direct labour 60,000 Variable overheads 30,000 Fixed overheads 45,000 Profit 22,500 lf the budget is flexed to a level of activity of 10,000 units, what would the total budgeted cost be? a) £280,000 b) £265,000 c) £123,750 d) £168,750
Chapter 22 Work eBook Show Me How Flexible Budget for Selling and Administrative Expenses for a Service Company Morningside Technologies Inc. uses flexible budgets that are based on the following data: 2. Sales commissions 5% of sales 3. Advertising expense 23% of sales Miscellaneous administrative expense $1,850 per month plus 1% of sales Office salaries expense $17,000 per month 5. Customer support expenses $2,600 plus 2% of sales Research and development expense 3,450 per month 6. Prepare a flexible selling and administrative expenses budget for April for sales volumes of $115,000, $145,000, and $175,000. Enter all amounts as positive numbers. 8. Morningside Technologies Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 Total sales $115,000 $145,000 $175,000 Variable cost: Sales commissions Advertising expense Miscellaneous administrative expense Customer support expenses Previous Check My Work 3 more Check My Work uses remaining. Progress: 8/8…
Relevant data from the Poster Company's operating budgets are: Quarter 1 Quarter 2 Sales $208,460 $211,540 Direct material purchases 115,295 120,831 Direct labor 75,210 73,298 Manufacturing overhead 25,300 25,400 Selling and administrative expenses 33,600 33,500 Depreciation included in selling and administrative 1,500 1,000 Collections from customers 215,392 240,155 Cash payments for purchases 114,290 119,254 Additional data: Capital assets were sold in January for $9,000 and $4,400 in May. Dividends of $4,400 were paid in February. The beginning cash balance was $60,360 and a required minimum cash balance is $60,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank. The Poster Company Cash Budget For the First Two Quarters Quarter 1 Quarter 2 Beginning Cash Balance v Add: Cash Receipts Collections from Customers Other Collections Total Receipts $ Total Available Cash $ Less: Cash Payments…
Relevant data from the Poster Company's operating budgets are: Quarter 1 Quarter 2 Sales $208,460 $211,540 Direct material purchases 115,295 120,831 Direct labor 75,210 73,298 Manufacturing overhead 25,300 25,400 Selling and administrative expenses 33,600 33,500 Depreciation included in selling and administrative 1,500 1,000 Collections from customers 215,392 240,155 Cash payments for purchases 114,290 119,254 Additional data: Capital assets were sold in January for $9,000 and $4,400 in May. Dividends of $4,400 were paid in February. The beginning cash balance was $60,360 and a required minimum cash balance is $60,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank. The Poster Company Cash Budget For the First Two Quarters Quarter 1 Quarter 2 Add: Cash Receipts Total Receipts Total Available Cash Less: Cash Payments Total Cash Payments Excess (Deficiency) of Available Cash Over Cash…
Relevant data from the Poster Company’s operating budgets are: Quarter 1 Quarter 2 Sales $208,470 $211,538 Direct material purchases 115,295 120,833 Direct labor 75,210 73,299 Manufacturing overhead 25,400 25,200 Selling and administrative expenses 33,500 33,600 Depreciation included in selling and administrative 1,500 1,100 Collections from customers 215,393 240,154 Cash payments for purchases 114,290 119,253 Additional data:Capital assets were sold in January for $9,000 and $4,400 in May.Dividends of $4,500 were paid in February. The beginning cash balance was $60,360 and a required minimum cash balance is $58,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank. The Poster Company Cash Budget For the First Two Quarters Quarter 1 Quarter 2 $fill in the blank 2 $fill in the blank 3 Add: Cash Receipts fill in the blank 5 fill in the blank…
Relevant data from the Poster Company’s operating budgets are: Quarter 1 Quarter 2 Sales $208,470 $211,539 Direct material purchases 115,290 120,832 Direct labor 75,205 73,299 Manufacturing overhead 25,400 25,400 Selling and administrative expenses 33,400 33,400 Depreciation included in selling and administrative 1,400 1,100 Collections from customers 215,391 240,154 Cash payments for purchases 114,300 119,253 Additional data:Capital assets were sold in January for $9,000 and $4,600 in May.Dividends of $4,400 were paid in February. The beginning cash balance was $60,359 and a required minimum cash balance is $58,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank. The Poster Company Cash Budget For the First Two Quarters Quarter 1 Quarter 2 Beginning Cash Balance $fill in the blank 2 $fill in the blank 3 Add: Cash Receipts Collections from…
Q. Prepare a revenues budget for the year, assuming that Ever Clean charges customers $0.60 per square foot.
Product Costs using Activity Rates Nozama.com Inc. sells consumer electronics over the Internet. For the next period, the budgeted cost of the sales order processing activity is $121,100, and 17,300 orders are estimated to be processed. a. Determine the activity rate of the sales order processing activity.$ per sales order b. Determine the amount of sales order processing cost that Nozama.com would receive if it had 9,900 sales orders.$