ACC 281 Week 7 - 6,660,000 6,840,000 Operating expenses:...

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Sheet1 Page 1 ACCT 281 Week 7 Eight Flags Based 20,000,000 Cost and expenses Annual Fixed Expenses Variable Expenses per Sales Dollar Cost of merchandise sold 0 0.63 Selling and promotion expense 60,000 0.03 Building occupancy expense 120,000 0.02 Buying expense 100,000 0.03 Delivery expense 110,000 0.01 Credit and collection expense 60,000 0.01 Administrative expense 300,000 0.00 750,000 0.73 1) Based on 18,000,000 Flexible Budget Actual Amounts Net sales 18,000,000 18,000,000 Cost of goods sold 11,340,000 11,160,000 Gross profit on sales
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Unformatted text preview: 6,660,000 6,840,000 Operating expenses: Selling and promotion 600,000 800,000 Building occupancy 480,000 450,000 Buying 640,000 720,000 Delivery 290,000 200,000 Credit and collection 240,000 220,000 Administrative 300,000 360,000 Total operating expenses: 2,550,000 2,750,000 Operating Income 4,110,000 4,090,000 Sheet1 Page 2 Over (Under) Budget-180,000 180,000 200,000-30,000 80,000-90,000-20,000 60,000 200,000-20,000...
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This note was uploaded on 09/06/2011 for the course MANAGEMENT n/a taught by Professor N/a during the Spring '07 term at University of Phoenix.

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ACC 281 Week 7 - 6,660,000 6,840,000 Operating expenses:...

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