3) Mr. Jones now provides the following information about the company. Monthly sales are expected to range between $170,000, and $ 180,000. Variable Costs and their percentage relationship to sales are as follows: Sales Commissions 6% Advertising Travelling Delivery 4% 3% 2% Fixed selling expenses will consist of: Sales Salaries $ 35,000 Depreciation on Delivery Equipment $ 7,000 Insurance on Delivery Equipment $ 1,000 You are Required to: 1) Prepare a flexible budget to show the total expenses at the projected sales levels 10 Marks