PRINTER VERSION Exercise 23-12 Kirkland Company combines its operating expenses for budget purposes in a...
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PRINTER VERSION Exercise 23-12 Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2017, the following data are available. 1. Sales: 20,600 units quarter 1; 22,400 units quarter 2 variable costs per dollar of sales: sales commissions s%, delivery expense 29%, and advertising 3 Fixed costs per quarter: sales salaries $10,400, office salaries $6,190, depreciation $4,650, insurance $1,600, utilities $870, and repairs expense $690. Unit selling price: $22. 3. 4. Prepare a selling and administrative expense budget by quarters for the first 6 months of 2017. (List variable expenses before fixed KIRKLAND COMPANY Selling and e Expense Budget Quarter Six Months
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