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Fixed administrative expenses, which total $13,000 per month, are paid in the month incurred. Variable administrative expenses amount to 20% of total monthly sales revenue,
Fixed administrative expenses, which total $13,000 per month, are paid in the month incurred. Variable administrative expenses amount to 20% of total monthly sales revenue, one-half of which is paid in the month incurred, with the balance paid in the following month. I am needing to findApril fixed expenses, March variable expenses, April variable expenses, and Cash paid in April.
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