ABC Company's budgeted sales for June, July, and August are 15,600, 19,600, and 17,600 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $3,800; rent, $6,800; depreciation, $4,200; advertising, $5,000 Mixed costs: utilities, $4,800 + $0.50 per unit Variable costs per unit sold: sales commissions, $3.80; marketing promotions, $2.80; supplies, $0.75; bad debt expense, $0.45 Required: Prepare ABC Company's operating expense budget for June, July, and August. Variable operating expenses: Sales commissions Marketing promotions Supplies Bad debts expense Utilities Total variable expense Fixed operating expenses: Salaries Rent Depreciation Advertising Utilities Total fixed expense Budgeted operating expense $ $ $ June 0 $ 676 0 $ 0 July August 0 $ 0 $ SASA 0 $ 0 0 0

ABC Company's budgeted sales for June, July, and August are 15,600, 19,600, and 17,600 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $3,800; rent, $6,800; depreciation, $4,200; advertising, $5,000 Mixed costs: utilities, $4,800 + $0.50 per unit Variable costs per unit sold: sales commissions, $3.80; marketing promotions, $2.80; supplies, $0.75; bad debt expense, $0.45 Required: Prepare ABC Company's operating expense budget for June, July, and August. Variable operating expenses: Sales commissions Marketing promotions Supplies Bad debts expense Utilities Total variable expense Fixed operating expenses: Salaries Rent Depreciation Advertising Utilities Total fixed expense Budgeted operating expense $ $ $ June 0 $ 676 0 $ 0 July August 0 $ 0 $ SASA 0 $ 0 0 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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