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.
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