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Prepare an administrative expense budget for duncan company

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Reference no: EM13888155

Duncan Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2014, 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 4%.

3. Fixed costs per quarter: sales salaries $10,000, office salaries $8,000, depreciation $4,200, insurance $1,500, utilities $800, and repairs expense $500.

4. Unit selling price: $20.

Instructions

Prepare a selling and administrative expense budget by quarters for the first 6 months of 2014.

Reference no: EM13888155

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