Bramble & Carla Vista Fabricators produces commemorative bricks that organizations use for fundraising projects. Joseph Bramble, 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 $24 each.January February March April May June25,000 28,000 32,000 34,000 26,000 35,000Bramble & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions.Depreciation $14,000Sales staff salaries $26,000Advertising $2,400Executive salaries $35,000Miscellaneous $1,900In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 8% of the sales revenue from each brick sold. The company expects bad debt expense to be 2% of sales revenue.Prepare Bramble & Hill's selling and administrative expense budget for the first quarter of the coming year. Please help me fill in the blanks and please show work so I can follow along JanuaryFebruaryMarchQuarter$$2$%24%24%24%24%24%24 JanuaryFebruaryCommission$2$Bad Debt ExpenseDepreciationExecutive SalariesAdvertisingMiscellaneousSales Staff SalariesTotal Budgeted Expenses242$Less v:Non-Cash ExpensesDepreciationBad Debt ExpenseTotal Cash Costs$$%24%24%24%24>>>

Commission = 8% of sales revenue Bad debt expense = 2% of sales revenue

Answered: Bramble & Carla Vista Fabricators…

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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Bramble & Carla Vista Fabricators produces commemorative bricks that organizations use for fundraising projects. Joseph Bramble, 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 $24 each.

January		February		March		April		May		June
25,000		28,000		32,000		34,000		26,000		35,000

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

Depreciation		$14,000
Sales staff salaries		$26,000
Advertising		$2,400
Executive salaries		$35,000
Miscellaneous		$1,900

In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 8% of the sales revenue from each brick sold. The company expects bad debt expense to be 2% of sales revenue.

Prepare Bramble & Hill's selling and administrative expense budget for the first quarter of the coming year.

Please help me fill in the blanks and please show work so I can follow along

January
February
March
Quarter
$
$
2$
%24
%24
%24
%24
%24
%24

January
February
Commission
$
2$
Bad Debt Expense
Depreciation
Executive Salaries
Advertising
Miscellaneous
Sales Staff Salaries
Total Budgeted Expenses
24
2$
Less v:
Non-Cash Expenses
Depreciation
Bad Debt Expense
Total Cash Costs
$
$
%24
%24
%24
%24
>
>
>

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