Fill in the Blank QuestionFill in the blank question.A merchandising company's budget includes the following data for January: Sales: $400,000; COGS: $270,000; Administrative salaries: $1,250; Sales commissions: 5% of sales; Advertising: $10,000; Salary for sales manager: $30,000; Miscellaneous administrative expenses: $5,000. The total selling expenses on the January selling expense budget will be $.

Fill in the Blank QuestionFill in the blank question.A merchandising company's sales budget indicates the following sales: January: $25,000; February: $30,000; March: $35,000. Sales personnel are paid a salary plus commission. Salaries are expected to be $5,000 per month and the commission is 10% of sales. Additionally, advertising is expected to be $600 per month. The total selling expenses for the quarter will be $.

Fill in the Blank QuestionFill in the blank question.Sales commissions are 10% of budgeted sales and the sales manager's salary is $1,000 per month. If budgeted sales are $50,000 for January, the total selling expenses budget for January is $.

A company has sales of $107,000; cost of goods sold of $68,870; and total direct expenses of $7,420. The department’ contribution to overhead is:

Operating expenses $ 45,000 Sales returns and allowances 13,000 Sales discount 6,000 Sales revenue 150,000 Costs of sales 77,000 The amount of net sales on the income statement would be:

Fill in the Blank QuestionFill in the blank question.A manufacturing company's sales budget indicates the following sales: January: $30,000; February: $20,000; March: $15,000. The company expects 80% of the sales to be on account. Credit sales are collected 30% in the month of the sale and 70% in the month following the sale. The total cash receipts collected during March will be $.