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A company is formulating its marketing expense budget for the last quarter of the year. Sales in units for the third quarter amounted to 5,000;

A company is formulating its marketing expense budget for the last quarter of the year. Sales in units for the third quarter amounted to 5,000; sales volume for the fourth quarter is expected to increase by 10%. Variable marketing expense per unit sold amounts to approximately $0.25, paid in cash in the month of sale. Fixed marketing expense per month amounts to $12,500 of salaries, $5,500 of depreciation (delivery trucks), and $2,400 of insurance (paid monthly). Required: a. What is the total budgeted marketing expense for the fourth quarter of the year? b. What is the estimated cash payment for marketing expense for the fourth quarter

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