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From the Following Details,provided by a Merchandising Company,prepare the Selling

Question 144

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From the following details,provided by a merchandising company,prepare the selling and administrative expenses budget for the first quarter of the next year.
 Rent Expense $8,000 per month  Depreciation Expense $3,500 per month  Insurance Expense $1,250 per month  Miscellaneous Expense 2% of sales, paid as incurred  Commissions Expense 10% of sales  Salaries Expense $7,000 per month \begin{array} { | l | l | } \hline \text { Rent Expense } & \$ 8,000 \text { per month } \\\hline \text { Depreciation Expense } & \$ 3,500 \text { per month } \\\hline \text { Insurance Expense } & \$ 1,250 \text { per month } \\\hline \text { Miscellaneous Expense } & 2 \% \text { of sales, paid as incurred } \\\hline \text { Commissions Expense } & 10 \% \text { of sales } \\\hline \text { Salaries Expense } & \$ 7,000 \text { per month } \\\hline\end{array}  Jan  Feb  March  Sales $50,000$65,000$80,000\begin{array} { | l | l | l | r | } \hline & \text { Jan } & \text { Feb } & \text { March } \\\hline \text { Sales } & \$ 50,000 & \$ 65,000 & \$ 80,000 \\\hline\end{array}

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