Assume the managers for the retail company introduced in Self- Study Problem I want to predict administrative

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Assume the managers for the retail company introduced in Self- Study Problem I want to predict administrative expenses for the company during the months of January, February, and March. They believe fixed ad- ministrative expenses will be $20,000 per month. In addition, variable selling expenses are expected to be 20 percent of sales.

Required Prepare a selling and administrative budget for January, February, and March, assuming forecast sales are $30,000, $45,000, and $50,000, respectively.

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