1. What are the three major objectives of budgeting? 2. Under what circumstances would a static budget be appropriate? 3. Why should the production requirements set forth in the production budget be carefully coordinated with the sales budget? 4. Why should the timing of direct materials purchases be closely coordinated with the production budget? 81.2,4 EX62 Flexible budget for elling and adminlstratve expenses for a service company loud Productivity Inc uses lexhle budets tat are hased on the folowing dataz ales commissions overising expense Miscellaneousadministrativeexpense Office salanes expense 14%ofsales 18%ofsales S6500permonthplus 12%ofsales 00permonth Research and developmentexpens 53000per month Prepare a lexible selling and administrative expenses budget for March 2016 for sales volumes of $100,000, $500 , and 0,00