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