Calculate the Selling and Administrative Expenses Budget Bot

Calculate the Selling and Administrative Expenses Budget.

Bottas Manufacturing, Inc. Balance Sheet December 31, 2018 ASSETS Cash Marketable securities Accounts receivable Inventories: $25,711.00 20,000.00 565,844.43 Finished goods Work in process Direct materials $ 86,385.60 0.00 7,193.94 93,579.54 Total Current Assets 705,134.97 Property, plant and equipment Less: Accumulated depreciation Total Property, Plant and Equipment $ 844,200.00 (318,600.00) 525,600.00 Total Assets $ 1,230,734.97 LIABILITIES AND STOCKHOLDERS EQUITY Accounts payable Income taxes payable Total Current Liabilities $5,755.15 0.00 $5,755.15 436,000.00 441,755.15 Long-term notes payable Total Liabilities Common stock ($5.00 Par) Paid-in capital Retained earnings Total Stockholders Equity $475,000.00 100,000.00 213,979.82 788,979.82 $ 1,230,734.97 Total Liabilities and Stockholders Equity Total Liabilities and Stockholders Equity

Solution

Solution:

Bottas Manufacturing company
Selling and administrative expenses budget
For the quarter ending March 31, 2019
Particulars	January	February	March	Quarter
Variable selling and administrative expenses:
Freight out ($0.80 per unit)	$5,960.00	$5,672.00	$6,656.00	$18,288.00
Sales Commissions	$4,469.00	$4,253.00	$4,991.00	$13,713.00
Total variable selling and administrative expenses	$10,429.00	$9,925.00	$11,647.00	$32,001.00
Fixed Selling and administrative expenses:
Salaries	$8,700.00	$8,700.00	$8,700.00	$26,100.00
Rent	$1,800.00	$1,800.00	$1,800.00	$5,400.00
Advertising	$150.00	$150.00	$150.00	$450.00
Insurance	$250.00	$250.00	$250.00	$750.00
Depreciation	$10,050.00	$10,050.00	$10,050.00	$30,150.00
Total fixed selling and administrative expenses	$20,950.00	$20,950.00	$20,950.00	$62,850.00
Total Selling and Administrative Expenses	$31,379.00	$30,875.00	$32,597.00	$94,851.00