Principles of Cost Accounting: P7-3 A listing of budgeted selling and administrative expenses
Principles of Cost Accounting
P7-3 Selling and administrative expenses budget and budgeted income statement A listing of budgeted selling and administrative expenses for Glide Tire Company in P7-2 for the year ended December 31, 2008, were as follows: Advertising expense 942,000 Office rent expense 125,000 Office salaries expense 821,000 Office supplies expense 45,500 Officers' salaries expense 661,000 Sales salaries expense 988,000 Telephone and fax expense 33,500 Travel expense 443,000
Required: 1. Prepare a selling and administrative expenses budget, in good form, for the year 2008.