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Agent Blaze uses flexible budgets that are based on the following data: Sales commissions 10% of sales Advertising expense 25% of sales Miscellaneous selling expense
Agent Blaze uses flexible budgets that are based on the following data:
Sales commissions | 10% of sales |
Advertising expense | 25% of sales |
Miscellaneous selling expense | $2,050 plus 4% of sales |
Office salaries expense | $14,000 per month |
Office supplies expense | 5% of sales |
Miscellaneous administrative expense | $1,450 per month plus 3% of sales |
Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $90,000, $115,000, and $135,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers.
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