Compute and list the budget, Financial Accounting

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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.

 


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