Reference no: EM133035540

Question:

Selling and Administrative Expenses Budget

Fazel Company makes and sells paper products. In the coming year, Faze! expects total sales of $19,730,000. There is a 3% commission on sales.

In addition, fixed expenses of the sales and administrative offices include the following:

Salaries $ 960,000
Utilities 365,000
Office space 230,000
Advertising 1,200,000

Required:
Prepare a selling and administrative expenses budget for Fazel Company for the coming year.

Fazel CompanySelling and Administrative Expenses Budget For the Coming Year
Variable selling expenses$
Fixed expenses:Salaries$
Utilities =
Office space=
Advertising =
Total fixed expenses =
Total selling and administrative expenses