Pena Davey

11/24/2023 · Junior High School

E23-9 Duke Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2012 , the following data are available, 1. Sales: 20,000 units quarter \( 1 ; 22,000 \) 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 \( \$ 10,000 \), office salaries \( \$ 6,000 \), depreciation \( \$ 4,200 \), insurance \( \$ 1,500 \), utilities \( \$ 800 \), and repairs expense \( \$ 600 \). 4. Unit selling price: \( \$ 20 \). Instructions Prepare a selling and administrative expense budget by quarters for the first 6 months of 2012 .