Compute and list the budget, Financial Accounting

When Lydia started her vending machine business, she instituted flexible budgeting for the first few months of operations. Her first monthly budget numbers were these:

Cost of goods sold                                                         200 of sales

Advertising                                                                    l5% of sales

Salaries                                                                          $4,000

Delivery expense                                                           2% of sales

Rent                                                                               $1,000

Insurance                                                                       $200

Supplies                                                                         5% of sales

Telephone                                                                      $150

Compute and list the budget figures for September, when sales were $50,000.


Posted Date: 3/29/2013 3:41:54 AM | Location : United States

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