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Consider the sales budget presented in Exercise E22A-33. Stewarts selling and administrative expenses include the following:Rent, $1,100 per monthSalaries, $2,000 per monthCommissions, 4% of salesDepreciation,
Consider the sales budget presented in Exercise E22A-33. Stewarts selling and administrative expenses include the following:Rent, $1,100 per monthSalaries, $2,000 per monthCommissions, 4% of salesDepreciation, $1,800 per monthMiscellaneous expenses, 3% of salesPrepare a selling and administrative expense budget for each of the three quarters of 2016 and totals for the nine-month period.
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