Flexible Budget for Selling and Administrative Expenses for a Service company
Morningsi...
Flexible Budget for Selling and Administrative Expenses for a Service company
Morningside Technologies Inc. uses flexible budgets that are based on the following data:
Sales commissions 15% of sales
Advertising expense 12% of sales
Miscellaneous administrative expense $8,000 per month plus 10% of sales
Office salaries expense $32,000 per month
Customer support expenses $14,000 per month plus 18% of sales
Research and development expense $35,000 per month
Prepare a flexible selling and administrative expenses budget for April for sales volumes of $400,000, $500,000, and $600,000.
MORNINGSIDE TECHNOLOGIES INC.
Flexible Selling and Administrative Expenses Budget
For the Month Ending April 30
Total sales $400,000 $500,000 $600,000
Variable cost:
Sales commissions $ $ $
Advertising expense
Miscellaneous administrative expense
Customer support expense
Total variable cost $ $ $
Fixed cost:
Miscellaneous administrative expense $ $ $
Office salaries expense
Customer support expense
Research and development expense
Total fixed cost $ $ $
Total selling and administrative expenses $ $ $
Answers: 3
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