161 162 Part 9: (10 marks) 163 NFT variable selling & administrative (S&A) expenses are $0.10 per unit sold. 164 Fixed S&A expenses are $40,000 per month. Which includes $5,000 of depreciation. 165 Selling & Administrative Expense Budget 166 167 168 July August September Quarter 169 170 Budgeted Sales 171 Variable S&A Rate 172 Variable Expenses 173 Fixed S&A expenses 174 Total S&A expenses 175 Less: Noncash Expenses 176 Cash S&A Expenses 177 178 179 Part 10: (10 marks) 80 NFT maintains a 8% line of credit for $1,000,000, and a minimum bank balance of $1,000,000. 81 Interest is calculated and due on a monthly basis. Budgets