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Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales...

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Accounting

Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,000,000. There is a 4% 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 Company
Selling 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 $

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