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Problem
After he submitted his budget, the president of Office Furniture Solutions reviewed it and recommended that advertising be increased to $100,000. Further, she wanted Matthew to assume a sales level of $11,000,000. This level of sales is to be achieved without adding to the sales force. Matthew's sales group occupies approximately 250 square feet of office space out of total administrative office space of 20,000 square feet. The $3,000 space charge in Matthew's budget is his share (allocated based on relative square feet) of the company's total cost of rent, utilities, and janitorial costs for the administrative office building.
Required
Prepare a revised budget consistent with the president's recommendation.
Sales Department Budget Costs, Assuming Sales 10,000,000
Salaries (fixed)
400,000.
Comissions (variable)
150,000.
Advertising (fixed)
75,000.
Charge for office space (fixed)
3,000.
Office supplies (variable)
2,000.
total
630,000.
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