Make a monthly flexible budget

Assignment Help Accounting Basics
Reference no: EM132251157

Question - Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $167,300 to $209,300. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 6%, traveling 4%, and delivery 1%. Fixed selling expenses will consist of sales salaries $34,900, depreciation on delivery equipment $7,100, and insurance on delivery equipment $1,900.

Make a monthly flexible budget for each $14,000 increment of sales within the relevant range for the year ending December 31, 2017. (List variable costs before fixed costs.)

Reference no: EM132251157

Questions Cloud

How should research be used in criminal justice decisions : How should research be used in criminal justice decisions and criminal justice policy development?
Make a selling expense report : Crede Company budgeted selling expenses of $30,900 in January, $34,600 in February, Make a selling expense report
Words the difference between a gdp per capita : A can of Coke used to be 1 penny, now we pay that in tax." How would you respond to this with your knowledge after the reading?
Is the article supported by evidence : Does this article relate to juvenile delinquency; why, or why not? What are the strengths and weaknesses of the article?
Make a monthly flexible budget : Make a monthly flexible budget for each $14,000 increment of sales within the relevant range for the year ending December 31, 2017
Explain why their collusion might not be successful : Suppose the two farmers try to collude. Explain why their collusion might not be successful.
Explain the capital expenditures and the financial budgets : Explain the capital expenditures and the financial budgets. Explain each of the operating budgets, sales, production, direct materials, direct labor
Define the doctrine of judicial review : Define the doctrine of Judicial Review and explain its significance in the American legal system.
Pareto efficient allocation : At every Pareto efficient allocation, the number of litres of beer produced equals the number of litres of whiskey produced.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd