As the Operations Manager, you are responsible for the Operations and Logistics Department of SRS Educational Supply Company. As such, you secure advertising that supports the sales efforts, coordinate shipping and delivery of merchandise to clients and provide general administrative support to the other departments. Further, you forecast and track most of the salary costs for SRS, even for staff outside of your department. This was done for budget building purposes only. As a member of the SRS senior management team, you are also actively involved in developing the master budget. You personally are evaluated based on how well you forecast operational costs. You have estimated the company's monthly operating expenses for the next quarter (July September) as follows: Variable: Shipping 4.0% to 5.0% of sales with 5% of sales the most likely outcome Other expenses 8.0% to 9.5% of sales with 8% of sales the most likely outcome Fixed: Salaries and wages $85,000 to $95,000 with $85,000 the most likely outcome Advertising $45,000 to $58,000 with $50,000 the most likely outcome Insurance $2,000 to $3,000 with $3,000 the most likely outcome Depreciation $25,000 Your specific responsibility as a member of the management team is to prepare a selling and administrative budget and a schedule of expected cash disbursements by month and in total (July September). In addition, you must help the team compile the Budgeted Balance Sheet as of September 30. Finally, you may be asked to provide information to other team members that may help them complete their budgets and you may need to seek information from other team members that will help you complete your budgets