Business, 24.04.2021 02:30 josmanu235

Based on the following S&A expenses budgeted for October, prepare a S&A expenses budget for October, November and December. Sales commissions (10% increase per month) $7,200
Supplies expense (10% increase per month) 1,800
Utilities (fixed) 2,200
Depreciation on store equipment (fixed) 1,600
Salary expense (fixed) 34,000
Rent (fixed) 6,000
Miscellaneous (fixed) 1,000

Cash payments for sales commissions and utilities are made in the month following the one in which the expense is incurred. Supplies and other operating expenses are paid in cash in the month in which they are incurred.

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