Net vision uses flexible budgets that are based on the following data: Sales commissions ............... 10% of

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Net vision uses flexible budgets that are based on the following data:

Sales commissions ............... 10% of sales

Advertising expense .............18% of sales

Miscellaneous selling expense ......... $ 2,800 per month plus 4% of sales

Office salaries expense .............. $ 18,000 per month

Office supplies expense ............. 3% of sales

Miscellaneous administrative expense ...... $2,200 per month plus 2% of sales

Prepare a flexible selling and administrative expenses budget for January 2012 for sales volumes of $ 100,000, $125,000 and $150,000.


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Accounting

ISBN: 9780538475006

24th Edition

Authors: Carl S Warren, James M Reeve, Jonathan Duchac

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