enter all amounts as positive numbers Agent Blaze uses flexible budgets that are based on the following data:Sales commissions10% of sales16% of sales$1,900 plus 2% of sales$13,000 per month3% of salesMiscellaneous administrative expense$1,350 per month plus 1% of salesPrepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $85,000, $105,000, and $130,000 (Use Exhibit S as a model.) Enter all amounts aspositive numbers.Advertising expenseMiscellaneous selling expenseOffice salaries expenseoffice supplies expense Agent BlazeFlexible Selling and Administrative Expenses BudgetFor the Month Ending January 31, 2016Total salesVariable cost:Sales commissionsAdvertising expenseMiscellaneous selling expenseOffice supplies expenseMiscellaneous administrative expenseTotal variable costFixed cost:Miscellaneous selling expenseOffice salaries expenseMiscellaneous administrative expenseTotal fixed costTotal selling and administrative expenses$85,000 $105,000 $130,000

Agent Blaze Flexible Selling and Administrative Expenses Budget For the Month Ending January 31, 2016 Total sales Variable cost: Sales commissions Advertising expense Miscellaneous selling expense Office supplies expense Miscellaneous administrative expense Total variable cost Fixed cost: Miscellaneous selling expense Office salaries expense Miscellaneous administrative expense Total fixed cost Total selling and administrative expenses $85,000 $105,000 $130,000

Agent Blaze Flexible Selling and Administrative Expenses Budget For the Month Ending January 31, 2016 Total sales Variable cost: Sales commissions Advertising expense Miscellaneous selling expense Office supplies expense Miscellaneous administrative expense Total variable cost Fixed cost: Miscellaneous selling expense Office salaries expense Miscellaneous administrative expense Total fixed cost Total selling and administrative expenses $85,000 $105,000 $130,000

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter22: Budgeting

Section: Chapter Questions

Problem 2E: Digital Solutions Inc. uses flexible budgets that are based on the following data: Prepare a...

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