1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VLD [36.1K]
3 years ago
7

Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the fir

st 6 months of 2017, the following data are available.
1. Sales: 20,000 units quarter 1; 22,000 units quarter 2.
2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%.
3. Fixed costs per quarter: sales salaries $10,700, office salaries $6,480, depreciation $4,520, insurance $1,990, utilities $900, and repairs expense $650.
4. Unit selling price: $25.
Prepare a selling and administrative expense budget by quarters for the first 6 months of 2017.
Business
1 answer:
lyudmila [28]3 years ago
7 0

Answer:

Budgeted Selling and Administrative Expense are:

Quarter 1 = $75,240

Quarter 2 = $80,240

Six Months = $155,480

Explanation:

Note: See the attached excel file for the selling and administrative expense budget by quarters for the first 6 months of 2017.

In the attached excel file, the following calculations is done:

Quarter 1 sales revenue = Quarter 1 units * Unit selling price = 20,000 * $25 = $500,000

Quarter 2 sales revenue = Quarter 2 units * Unit selling price = 22,000 * $25 = $550,000

From the attached excel file, Budgeted Selling and Administrative Expense are:

Quarter 1 = $75,240

Quarter 2 = $80,240

Six Months = $155,480

Download xlsx
You might be interested in
After determining that someone has had too much to drink, there are eight steps you should take to cut someone off. What is the
luda_lava [24]

Answer:

step 1: confirm/verify observation.

Explanation:

The first step to cutting off a person that has had too much to drink is to confirm or verify the observation. Confirming the observation of asomeone having too much to drink comes from awarenenss of one's surroundings. When it has been verifiied that the person has had too much to drink, you should clamly and tactfully let the individual know tthta he/she will be refused further service.

Cheers.

5 0
3 years ago
Kowabunga was a US based beach clothing and gear company. The owner of the company wanted to expand into markets in Mexico, Aust
Digiron [165]

Based  on the given details the external business factor environment that did the company evaluate for its expansion is sociocultural.

Socio-cultural as a business external factor has to do with the environment culture or customs and belief as well as the type of fashion trend they have in vogue.

For a clothing company to be successful the consumer, their income level or wealth, growth rate and the environment  at large has to be put into consideration.

The company has to as well evaluate the market activities of the country as this can help to influence their decision when trying to expand into another country market as well as their strategic goals when introducing their product into an another country.

Inconclusion the external business factor environment that did the company evaluate for its expansion is sociocultural.

Learn more about sociocultural here:brainly.com/question/24769813

5 0
2 years ago
_____ is short-term employment that may allow you to develop contacts that may help in finding a permanent job a. Part-time work
yarga [219]

Answer:

Temp Work

Explanation:

because temp work is limited to a certain period of time based on the needs of the employing organization.

4 0
3 years ago
Read 2 more answers
Issued a check for $1,010 to pay the monthly rent. Issued a $1,300 check to pay a creditor on account. Purchased new equipment f
kodGreya [7K]

Answer:

Issued a check for $1,010 to pay the monthly rent

Account                         Debit          Credit

Rent Expense               $1,010

Bank                                                  $1,1010

Issued a $1,300 check to pay a creditor on account.

Account                         Debit          Credit

Creditor                        $1,300

Bank                                                  $1,300

Purchased new equipment for $390 and paid $110 immediately by check with the remainder due in 30 days.

Account                         Debit          Credit

Equipment                    $390

Bank                                                  $110

Accounts Payable                            $280

Provided services on credit in the amount of $860.          

Account                         Debit          Credit

Service Revenue                              $860

Accounts Receivable    $860

Performed services for cash in the amount of $1,320.

Account                         Debit          Credit

Service Revenue                              $1,320

Cash                              $1,320

The owner made an additional investment of $5,600 in cash and $1,050 in equipment.

Account                         Debit          Credit

Cash                              $5,600

Equipment                    $1,050

Capital                                              $6,650    

Purchased $190 worth of supplies on credit.  

Account                         Debit          Credit

Supplies                         $190

Accounts Payable                            $190

Sent a $105 check to the utility company to pay the monthly bill.

Account                         Debit          Credit

Utilities Expense           $105

Bank                                                  $105

Collected $650 from credit customers.

Account                         Debit          Credit

Cash                              $650

Accounts Receivable                       $650                                            

   

7 0
3 years ago
Sefu is writing a speech on why his school board is going to cut funding for the arts, and what members of the community can do
SIZIF [17.4K]

Answer:

The correct answer is letter "C": problem-solution.

Explanation:

Problem-solution speeches address an issue of interest and propose one of a more than one solution for the inconvenience. This speech starts by describing objectively the facts that led to the problem to later, with a more biased tone, propose a detailed set of steps that could be taken to improve the situation. The solution part of this type of speech tends to be persuasive.

7 0
3 years ago
Other questions:
  • Dave's boss told him that he doesn't have to attend the company picnic (which everybody dislikes) if dave meets his sales quota
    14·1 answer
  • Old Town Industries has three divisions. Division X has been in existence the longest and has the most stable sales. Division Y
    11·1 answer
  • The elasticity of demand is defined as the percentage change in quantity demanded divided by the percentage change in __________
    13·1 answer
  • Discuss how a minor change in demand at the retail level can significantly impact supply chain variation at distributors, manufa
    14·1 answer
  • What keys to success did the leaders describe
    7·1 answer
  • Atlantic Corporation reported the following amounts at the end of the first year of operations Common stock $ 200,000 Sales reve
    12·1 answer
  • The change in consumption of a good that results from the implicit change in income, which has been caused by a price change, is
    6·1 answer
  • Reviewing and evaluating records used to prepare a company's financial statements is referred to as ______.
    7·1 answer
  • A company pays its employees $1,800 each Friday, which amounts to $360 per day for the five-day workweek that begins on Monday.
    10·1 answer
  • You are given the following information. Durable good consumption 462 Residential investment 526 Imports 987 Government expendit
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!