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garik1379 [7]
3 years ago
7

Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $166,400 to $201,

500. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 6%, travel 4%, and delivery 1%. Fixed selling expenses will consist of sales salaries $34,900, depreciation on delivery equipment $6,600, and insurance on delivery equipment $1,700. Prepare a monthly selling expense flexible budget for each $11,700 increment of sales within the relevant range for the year ending December 31, 2020.
Business
1 answer:
Ahat [919]3 years ago
6 0

Answer:

there is not enough room here, so I prepared an excel spreadsheet

Download pdf
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Answer:

Accounts Receivable (Dr.) $87,000

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Explanation:

Expected Value at contract inception is :

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($87,000 * 8 months - $29,000) * 20% = $133,400

Total = $713,400

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The service revenue is estimated to be 116,000 if there is no probability estimate. When the expected value is incorporated the service revenue will be $89,175.

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Alice has found a great book review to use for her speech. while the book being reviewed is a little too complicated for her pur
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3 years ago
Which of the following statements regarding the staffing budget is true? a.The staffing budget is based on the desired profit le
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Answer:

b.The staffing budget is based on a fixed human resources budget

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Which financial function calculates the net present value of an investment, given a fixed discount rate?
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Why is it taking so long for my taxes to be accepted?.
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Explanation:

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