Agent Blaze Flexible Selling and Administrative Expenses Budget For the Month Ending January 31, 2016 Total sales Variable cost: Sales commissions Advertising expense Miscellaneous selling expense Office supplies expense Miscellaneous administrative expense Total variable cost Fixed cost: Miscellaneous selling expense Office salaries expense Miscellaneous administrative expense Total fixed cost Total selling and administrative expenses $85,000 $105,000 $130,000
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
enter all amounts as positive numbers
![Agent Blaze uses flexible budgets that are based on the following data:
Sales commissions
10% of sales
16% of sales
$1,900 plus 2% of sales
$13,000 per month
3% of sales
Miscellaneous administrative expense
$1,350 per month plus 1% of sales
Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $85,000, $105,000, and $130,000 (Use Exhibit S as a model.) Enter all amounts as
positive numbers.
Advertising expense
Miscellaneous selling expense
Office salaries expense
office supplies expense](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7a9a3611-105a-4db9-bf15-0f9877181038%2F9e4c1464-17f0-4749-b336-5dc0e6779613%2Ftr111aa_processed.jpeg&w=3840&q=75)
![Agent Blaze
Flexible Selling and Administrative Expenses Budget
For the Month Ending January 31, 2016
Total sales
Variable cost:
Sales commissions
Advertising expense
Miscellaneous selling expense
Office supplies expense
Miscellaneous administrative expense
Total variable cost
Fixed cost:
Miscellaneous selling expense
Office salaries expense
Miscellaneous administrative expense
Total fixed cost
Total selling and administrative expenses
$85,000 $105,000 $130,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7a9a3611-105a-4db9-bf15-0f9877181038%2F9e4c1464-17f0-4749-b336-5dc0e6779613%2Fagnbm_processed.jpeg&w=3840&q=75)
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