Answers for all Exercise 912 Kirkland Company combines its o

Exercise 9-12 Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of are available. 1. Sales: 20,300 units quarter 1; 22,000 units quarter 2. 2. variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 4. Unit selling price: $22 Prepare a selling and administrative e 3. Fixed costs per quarter: sales costs per quarter: sales salaries $10,200, office salaries s6,160, depreciation $4,730, insurance $1,660, utilities $890, and repairs expense $10,20 administrative expense budget by quarters for the first 6 months of 2017. (List variable expenses before KIRKLAND COMPANY Selling and Expense Budget Quarter Six Months version 4.24.82

Solution

Solution 9-12:

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Kirkland Company
Selling and administrative expenses budget
Particulars	Quarter 1	Quarter 2	Total
Budgeted sales	$446,600.00	$484,000.00
Variable selling and administrative expenses:
Sales Commissions	$22,330.00	$24,200.00	$46,530.00
Delivery Expense	$8,932.00	$9,680.00	$18,612.00
Advertising	$13,398.00	$14,520.00	$27,918.00
Total Variable selling and administrative expenses	$44,660.00	$48,400.00	$93,060.00
Fixed Selling and administrative expenses:
Sales Salaries	$10,200.00	$10,200.00	$20,400.00
Office salaries	$6,160.00	$6,160.00	$12,320.00
Depreciation	$4,730.00	$4,730.00	$9,460.00
Insurance	$1,660.00	$1,660.00	$3,320.00
Utilities	$890.00	$890.00	$1,780.00
Repairs expense	$610.00	$610.00	$1,220.00
Total Fixed selling and administrative expenses	$24,250.00	$24,250.00	$48,500.00
Total Selling and administrative expenses	$68,910.00	$72,650.00	$141,560.00