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Eastwood Music uses flexible budgets to control its selling expenses. Monthly sales are expected to be from $400,000 to $450,000. Variable costs and their percentage

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Eastwood Music uses flexible budgets to control its selling expenses. Monthly sales are expected to be from $400,000 to $450,000. Variable costs and their percentage relationships to sales are: Sales commissions Advertising Traveling Delivery 8% 5% 15% 2% Fixed selling expenses consist of sales salaries of $50,000, and depreciation on stage and production equipment totaling $12,000. Required: Prepare a flexible budget for $420,000 of sales

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