Echo Amplifiers prepared the following sales budget for the first quarter of 2018: Jan. Feb. Mar. Units 900 1,100 1,400 Sales price $100 $100 $100 Budgeted sales $90,000 $110,000 $140,000 It also has this additional information related to its expenses: Direct material per unit $1.50 Direct labor per unit 2 Variable manufacturing overhead per hour 0.40 Fixed manufacturing overhead per month 2,900 Sales commissions per unit 16 Sales salaries per month 4,900 Delivery expense per unit 0.50 Factory utilities per month 5,000 Administrative salaries per month 19,000 Marketing expenses per month 7,000 Insurance expense per month 10,000 Depreciation expense per month 9,000 Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers. Echo AmplifiersSales and Administrative BudgetFor the Quarter Ending March 31, 2018 January February March Budgeted Sales in Units fill in the blank 1 fill in the blank 2 fill in the blank 3 Variable Expenses $- Select - $- Select - $- Select - - Select - - Select - - Select - Total Variable Expenses $fill in the blank 12 $fill in the blank 13 $fill in the blank 14 Fixed Expenses $- Select - $- Select - $- Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - Total Fixed Expenses $fill in the blank 35 $fill in the blank 36 $fill in the blank 37 Total Selling and Administrative Expenses

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter23: Flexible Budgeting (flexbud)

Section: Chapter Questions

Problem 4R

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Echo Amplifiers prepared the following sales budget for the first quarter of 2018:

	Jan.	Feb.	Mar.
Units	900	1,100	1,400
Sales price	$100	$100	$100
Budgeted sales	$90,000	$110,000	$140,000

It also has this additional information related to its expenses:

Direct material per unit	$1.50
Direct labor per unit	2
Variable manufacturing overhead per hour	0.40
Fixed manufacturing overhead per month	2,900
Sales commissions per unit	16
Sales salaries per month	4,900
Delivery expense per unit	0.50
Factory utilities per month	5,000
Administrative salaries per month	19,000
Marketing expenses per month	7,000
Insurance expense per month	10,000
Depreciation expense per month	9,000

Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers.

Echo AmplifiersSales and Administrative BudgetFor the Quarter Ending March 31, 2018

	January	February	March
Budgeted Sales in Units	fill in the blank 1	fill in the blank 2	fill in the blank 3
Variable Expenses
	$- Select -	$- Select -	$- Select -
	- Select -	- Select -	- Select -
Total Variable Expenses	$fill in the blank 12	$fill in the blank 13	$fill in the blank 14
Fixed Expenses
	$- Select -	$- Select -	$- Select -
	- Select -	- Select -	- Select -
	- Select -	- Select -	- Select -
	- Select -	- Select -	- Select -
	- Select -	- Select -	- Select -
Total Fixed Expenses	$fill in the blank 35	$fill in the blank 36	$fill in the blank 37
Total Selling and Administrative Expenses

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