Could I get some help with the selling and administrative expenses budget and bu
ID: 2376291 • Letter: C
Question
Could I get some help with the selling and administrative expenses budget and budgeted income statement for this question. I believe I have completed most of it, but have a few issues at the end.<?xml:namespace prefix = o />
Budgeted Income Statement and Supporting Budgets
The budget director of Feathered Friends Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for October 2012:
Estimated sales for October:
Estimated inventories at October 1:
Desired inventories at October 31:
Direct materials used in production:
Estimated factory overhead costs for October:
Estimated operating expenses for October:
Estimated other income and expense for October:
Estimated tax rate: 30%<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
7. Prepare a selling and administrative expenses budget for October. Enter all amounts as positive numbers.
FEATHERED FRIENDS INC.
Selling and Administrative Expenses Budget
For the Month Ending October 31, 2012
Selling expenses:
Sales salaries expense
Advertising expense
Telephone expense-selling
Travel expense-selling
Total selling expenses
Administrative expenses:
Office salaries expense
Depreciation expense-office equipment
Telephone expense%u2014administrative
Office supplies expense
Miscellaneous administrative expense
Total administrative expenses
Total operating expenses
8. Prepare a budgeted income statement for October. Enter all amounts as positive numbers.
FEATHERED FRIENDS INC.
Selling and Administrative Expenses Budget
For the Month Ending October 31, 2012
Selling expenses:
Sales salaries expense
Advertising expense
Telephone expense-selling
Travel expense-selling
Total selling expenses
Administrative expenses:
Office salaries expense
Depreciation expense-office equipment
Telephone expense%u2014administrative
Office supplies expense
Miscellaneous administrative expense
Total administrative expenses
Total operating expenses
Explanation / Answer
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