Flexible Budget for Selling and Administrative Expenses for a Service Company Digital Solutions Inc. uses flexible budgets that are based on the following data: Line Item Description Value Sales commissions 10% of sales Advertising expense 17% of sales Miscellaneous administrative expense $8,000 per month plus 4% of sales Office salaries expense $53,000 per month Customer support expenses $22,000 per month plus 28% of sales Research and development expense $78,000 per month This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.     Open spreadsheet   Prepare a flexible selling and administrative expenses budget for October for sales volumes of $400,000, $900,000, and $1,200,000. (Use Exhibit 4 as a model.) Enter all amounts as positive numbers. Line Item Description Amount Amount Amount Total sales $400,000 $900,000 $1,200,000 Variable cost:         $fill in the blank 3 $fill in the blank 4 $fill in the blank 5     fill in the blank 7   fill in the blank 8   fill in the blank 9     fill in the blank 11   fill in the blank 12   fill in the blank 13     fill in the blank 15   fill in the blank 16   fill in the blank 17 Total variable cost $fill in the blank 18 $fill in the blank 19 $fill in the blank 20 Fixed cost:         $fill in the blank 22 $fill in the blank 23 $fill in the blank 24     fill in the blank 26   fill in the blank 27   fill in the blank 28     fill in the blank 30   fill in the blank 31   fill in the blank 32     fill in the blank 34   fill in the blank 35   fill in the blank 36 Total fixed cost $fill in the blank 37 $fill in the blank 38 $fill in the blank 39 Total selling and administrative expenses $fill in the blank 40 $fill in the blank 41 $fill in the blank 42

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month:   Cost Formulas Direct labor $16.40q Indirect labor $4,000 + $1.40q Utilities $5,300 + $0.30q Supplies $1,600 + $0.10q Equipment depreciation $18,500 + $3.00q Factory rent $8,200 Property taxes $2,500 Factory administration $13,600 + $0.60q The Production Department planned to work 4,400 labor-hours in March; however, it actually worked 4,200 labor-hours during the month. Its actual costs incurred in March are listed below:   Actual Cost Incurred in March Direct labor $ 70,480 Indirect labor $ 9,340 Utilities $ 7,010 Supplies $ 2,250 Equipment depreciation $ 31,100 Factory rent $ 8,600 Property taxes $ 2,500 Factory…

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 Advertising expense 20% of sales Miscellaneous administrative expense $6,000 per month plus 12% of sales Office salaries expense $30,000 per month Customer support expenses $12,000 per month plus 20% of sales Research and development expense $30,000 per month 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.) Digital Solutions Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending October 31 Total sales $400,000 $500,000 $600,000 Variable cost:         $fill in the blank 2 $fill in the blank 3 $fill in the blank 4   fill in the blank 6 fill in the blank 7 fill in the blank 8   fill in the blank 10 fill in the blank 11 fill in the blank…

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.30q $4,300 +$1.50g $5,300 +$0.40g $1.400+ $0.30q $18,200+ $2.70g $8,400 $13,800+ $0.60g $2,600 The Production Department planned to work 4,200 labor-hours in March; however, it actually worked 4,000 labor-hours during the month. Its actual costs incurred in March are listed below: Direct labor Actual Cost Incurred in March $ 66,780 Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Required: $ 9,780 $ 7,370 $ 2,870 $ 29,000 $ 8.800 $ 2,600 $ 15,550 1. Prepare the Production…

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Flexible budget for selling and administrative expenses for a service company Digital Solutions Inc. uses flexible budgets that are based on the following data: Line Item Description Value Sales commissions 14% of sales Advertising expense 20% of sales Miscellaneous administrative expense $8,500 per month plus 12% of sales Office salaries expense $28,000 per month Customer support expenses $14,000 per month plus 20% of sales Research and development expense $32,000 per month Prepare a flexible selling and administrative expenses budget for October for sales volumes of $400,000, $500,000, and $600,000. (Use Exhibit 4 as a model.) Digital Solutions Inc.Flexible Selling and Administrative Expenses BudgetFor the Month Ending October 31 Line Item Description Amount Amount Amount Total sales $400,000 $500,000 $600,000 Variable cost:         $Sales commissions $Sales commissions $Sales commissions   Advertising expense Advertising expense Advertising…

Budget performance report for a cost center GHT Tech Inc. sells electronics over the Internet. The Consumer Products Division is organized as a cost center. The budget for the Consumer Products Division for the month ended July 31 is as follows: Line Item Description Customer service salaries Insurance and property taxes Distribution salaries Marketing salaries Engineer salaries 836,850 586,110 185,120 Total $4,167,050 During July, the costs incurred in the Consumer Products Division were as follows: Warehouse wages Equipment depreciation Line Item Description Customer service salaries Insurance and property taxes Distribution salaries Marketing salaries Engineer salaries Warehouse wages Equipment depreciation Total Required: Question Content Area Line Item Description Customer service salaries Insurance and property taxes Distribution salaries Amount $546,840 114,660 872,340 1,025,130 1. Prepare a budget performance report for the director of the Consumer Products Division for the…

. 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 15% of sales 18% of sales $5,000 per month plus 12% of sales $28,000 per month $12,000 per month plus 20% of sales $30,000 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 4 as a model.) Digital Solutions Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending October 31 Line Item Description Total sales Variable cost: Total variable cost Fixed cost: Total fixed cost Total selling and administrative expenses Amount Amount Amount $400,000 $500,000 $600,000 $ $ $ $ $