FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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answer must be table format or i will give down vote 

 

The actual selling expenses incurred in March 2027 by Sheffield Company are as follows.
Variable Expenses
Sales commissions
Advertising
Travel
Delivery
Fixed Expenses
$12,100
Sales salaries
$38,500
7,590
Depreciation
7,700
5,610
Insurance
1,100
3,795
Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 4%, travel 3%, and delivery 2%. Fixed
selling expenses will consist of sales salaries $38,500, Depreciation on delivery equipment $7,700, and insurance on delivery
equipment $1,100.
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Transcribed Image Text:The actual selling expenses incurred in March 2027 by Sheffield Company are as follows. Variable Expenses Sales commissions Advertising Travel Delivery Fixed Expenses $12,100 Sales salaries $38,500 7,590 Depreciation 7,700 5,610 Insurance 1,100 3,795 Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 4%, travel 3%, and delivery 2%. Fixed selling expenses will consist of sales salaries $38,500, Depreciation on delivery equipment $7,700, and insurance on delivery equipment $1,100.
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