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e10-3 - Name Date Instructor Course rd Managerial...

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FileName: cd7512adce18ed95b9c3992c830f1eec3ff84ec2.xls, Tab: Exercise E10-3, Page 1 of 2, 12/28/2011, 19:01:42 Name: Date: Instructor: Course: $170,000 to $200,000 Variable costs and their percentage relationship to sales are: Sales commissions 6% Traveling 3% Advertising 4% Delivery 2% Fixed selling expenses will consist of: Sales Salaries $32,000 Depreciation on Delivery Equipment 7,000 Insurance on Delivery Equipment $1,000 Instructions: Prepare a monthly flexible budget for each $10,000 increment of sales within the relevant range for the year ending December 31, 2005. For the Year 2005 Activity level Sales Variable expenses Amount Amount Amount Amount Title Formula Formula Formula Formula Title Formula Formula Formula Formula Title Formula Formula Formula Formula Title Formula Formula Formula Formula Title Formula Formula Formula Formula Fixed expenses Title Amount Amount Amount Amount Title Amount Amount Amount Amount Title Amount Amount Amount Amount Title Formula Formula Formula Formula Total expenses Formula Formula Formula Formula Managerial Accounting, 3
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