Insurance on delivery equipment

Reference no: EM131024857

DeWitt Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $174,200 to $208,100. Variable costs and their percentage relationship to sales are sales commissions 8%, advertising 5%, traveling 4%, and delivery 1%. Fixed selling expenses will consist of sales salaries $35,384, depreciation on delivery equipment $6,878, and insurance on delivery equipment $1,299.

Prepare a monthly flexible budget for each $11,300 increment of sales within the relevant range for the year ending December 31, 2014.(List variable costs before fixed costs.)

Reference no: EM131024857

Questions Cloud

Do you feel these decisions are sound business practices : Respond by clicking on the Respond link in the Discussion Board link at left. Take time to read and comment on the responses of others.

Necessary journal entries for dec : In reporting to its UK.-parent under IFRS, how should company account for the restructuring program for the year ended December 31, 2003?1b. Provide all necessary journal entries for Dec 31, 2003, January 1st, 2004 and December 31,2004.

Write a perl program to parse out the file : Do a search for the term "anthrax" in PubMed. Then search the Protein and Nucleotide databases -

State the value of that maximum revenue : Write your conclusion with regard to the word problem. State how many crates of cargo A and how many crates of cargo B should be shipped in one truck, in order to earn the highest total revenue possible. State the value of that maximum revenue.

Insurance on delivery equipment : Fixed selling expenses will consist of sales salaries $35,384, depreciation on delivery equipment $6,878, and insurance on delivery equipment $1,299.

Explain the concepts of current and long term liabilities : Explain the concepts of current and long-term liabilities and give a total of at least five examples of both current and long-term liabilities (10 total) consisting of the definition and an example transaction to record the journal entries.

Test for evidence of efficacy using a t test : A pain relief score, based on hourly questioning throughout the day, was computed for each woman. The possible pain relief scores ranged from 0 (no relief) to 56 (complete relief for 8 hours). Summary results are shown in the table. Test for evide..

How long it takes for tank 2 to have a salt concentration : Write a matrix system of equations for the amounts and of salt in the two tanks after t minutes. Solve the system using matrix methods. Calculate how long it takes for tank 2 to have a salt concentration of 1 pound per gallon.

Current number of employees : As an administrator, you need to assess this situation: How would you determine if there was a true need for another receptionist? Do you need to reinstate the position or can you retrain the current number of employees? Why?

User Account

All Pages