6. Regional budgets for upcoming year. - There is an anticipated 10% increase in units for each region. - Suppliers are projecting an increase in costs. Thus, the company's variable costs will increase by 8% for each region. - Because of the rising prices of goods, services, housing, etc. the sales staff is requesting a larger percentage for their commissions. The sales staff wants a commission of 16%. - Assume all other factors remain constant for the upcoming year. - Prepare the budget for the upcoming year for each region and the overall company. - If the anticipated changes occur, are there any concerns about any particular region? Explain. The following information has been extracted from Veelance's accounting records: - The sales volume, sales price, and purchase price data follow: - The following expenses were incurred for sales commissions, local advertising, property taxes, management salaries, and other noncontrollable (but traceable) costs: 1. Local advertising decisions are made at the store manager level. 2. The sales manager's salary in Midwest is determined by the Midwest store manager 3. The store manager's salaries are set by Veelance's vice president. - Nontraceable fixed corporate expenses total $363,450. - The company uses a responsibility accounting system. The average operating assets for each segment: The company's minimum required rate of return is 8%