Question: Refer to information in QS. In addition, sales commissions are 10% of sales and the company pays a sales manager a salary of $5,000 per month. Sales commissions and salaries are paid in the month incurred. Prepare a selling expense budget for January, February, and March.
QS: Shay, Inc., is preparing its master budget for the quarter ending March 31. It sells a single product for $25 per unit. Budgeted sales for the next four months follow. Prepare a sales budget for the months of January, February, and March.
January February March April
Sales in units . . . . . . . . 1,200 1,000 1,600 1,400