Managerial Accounting: E22A-34 Stewart’s selling and administrative expenses

Managerial Accounting 
E22A-34 Preparing an operating budget—selling and administrative expense budget 
Consider the sales budget presented in Exercise E22A-33. 
Stewart’s selling and administrative expenses include the following: 
Rent, $1,100 per month 
Salaries, $2,000 per month 
Commissions, 4% of sales 
Depreciation, $1,800 per month 
Miscellaneous expenses, 3% of sales 

Prepare a selling and administrative expense budget for each of the three quarters of 2016 and totals for the nine-month period.
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