Echo Ample prepared the following sales budget for the first quarter of 2018 Jan. Feb. Mar. Units noo 1,300 1,000 $100 $100 $100 Budgeted sales $80,000 $130,000 $100,000 It also has this additional information related to its expenses Direct material per unit Direct labor per unit Variable manufacturing overhead per hour Fixed manufacturing overhead per month Sales commissions per un Sales salaries per month Delivery expense per unt Factory utilities per month Administrative salaries per month Marketing expenses per month Insurance expense per month Depreciation expense per month Budgeted Sales in Unit Variable Expenses Sales Commissions Total Variable Expenses Fixed Expermes Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers Echo Amplifiers Sales and Administrative Budget For the Quarter Ending March 31, 2018 Administrative Salaries Marketing Expenses Depreciation Exper $1.50 Total Fixed Expenses 0.50 3,100 Total Selling and Administrative Expenses 16 5,100 0.40 5,000 20,000 8,000 10,000 9,000 10 000 0000000 January February March

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Echo Amplifiers prepared the following sales budget for the first quarter of 2018:
Jan.
Feb.
Mar.
Units
BOD
Sales price
$100
$100
Budgeted sales $80,000 $130,000 $100,000
It also has this additional information related to its expenses:
Direct material per unit
Direct labor per unit
Variable manufacturing overhead per hour
Fixed manufacturing overhead per month
Sales commissions per unit
Sales salaries per month
Delivery expense per unit
Factory utilities per month
Administrative salaries per month
Marketing expenses per month
Insurance expense per month
Depreciation expense per month
Budgeted Sales in Units
Variable Expenses
Sales Commissions
1,300
Delivery
Total Variable Expenses
Fixed Expenses
Sales Salaris
$100
Administrative Salaries
Marketing Expenses
Insurance Expense
Depreciation Expense
1,500
Total Fixed Expenses
Total Selling and Administrative Expenses
$1.50
2
Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers.
Echo Amplifiers
Sales and Administrative Budget
For the Quarter Ending March 31, 2018
January
0.50
3,100
15
5,100
0.40
5,000
20,000
5,000
10,000
9,000
February
March
Transcribed Image Text:Echo Amplifiers prepared the following sales budget for the first quarter of 2018: Jan. Feb. Mar. Units BOD Sales price $100 $100 Budgeted sales $80,000 $130,000 $100,000 It also has this additional information related to its expenses: Direct material per unit Direct labor per unit Variable manufacturing overhead per hour Fixed manufacturing overhead per month Sales commissions per unit Sales salaries per month Delivery expense per unit Factory utilities per month Administrative salaries per month Marketing expenses per month Insurance expense per month Depreciation expense per month Budgeted Sales in Units Variable Expenses Sales Commissions 1,300 Delivery Total Variable Expenses Fixed Expenses Sales Salaris $100 Administrative Salaries Marketing Expenses Insurance Expense Depreciation Expense 1,500 Total Fixed Expenses Total Selling and Administrative Expenses $1.50 2 Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers. Echo Amplifiers Sales and Administrative Budget For the Quarter Ending March 31, 2018 January 0.50 3,100 15 5,100 0.40 5,000 20,000 5,000 10,000 9,000 February March
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