From the Following Details, Provided by a Merchandising Company, Prepare

question 66

Essay

From the following details, provided by a merchandising company, prepare the selling and administrative expenses budget for the first quarter of the next year.
$$\begin{array} { | l | l | } \hline \text { Rent Expense } & \$ 8,000 \text { per month } \\\hline \text { Depreciation Expense } & \$ 3,500 \text { per month } \\\hline \text { Insurance Expense } & \$ 1,250 \text { per month } \\\hline \text { Miscellaneous Expense } & 2 \% \text { of sales, paid as incurred } \\\hline \text { Commissions Expense } & 10 \% \text { of sales } \\\hline \text { Salaries Expense } & \$ 7,000 \text { per month } \\\hline\end{array}$$ $$\begin{array} { | l | l | l | r | } \hline & \text { Jan } & \text { Feb } & \text { March } \\\hline \text { Sales } & \$ 50,000 & \$ 65,000 & \$ 80,000 \\\hline\end{array}$$

---

Definitions:

Work Ethic

A set of values of hard work held by employees.

Organizational Skills

The ability to efficiently manage time, tasks, and resources to achieve goals and meet deadlines.

Aquarium

A tank of water for fish, aquatic plants, and other water organisms for study, observation, or display.

Hiring Process

The sequence of steps an organization takes to attract, select, and appoint suitable candidates for jobs.