Oriole Company combines its operating expenses for budget purposes in a selling and administrative expense...
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Accounting
Oriole Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following data are available.
| 1. | Sales: 20,800 units quarter 1; 22,880 units quarter 2. | |
| 2. | Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. | |
| 3. | Fixed costs per quarter: sales salaries $ 12,480, office salaries $ 8,320, depreciation $ 4,320, insurance $ 1,560, utilities $ 880, and repairs expense $ 520. | |
| 4. | Unit selling price: $ 20. |
Prepare a selling and administrative expense budget by quarters for the first 6 months of 2022. (List variable expenses before fixed expense.)
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