Flexible Budget for Selling and Administrative Expenses for a Service Company Cloud Productivity Inc. uses flexible budgets that are based on the following data: Sales commissions Advertising expense Miscellaneous administrative expense Office salaries expense Customer support expenses Research and development expense 14% of sales 18% of sales. $8,500 per month plus 12% of sales $28,000 per month $12,000 per month plus 20% of sales $32,000 per month Prepare a flexible selling and administrative expenses budget for March for sales volumes of $400,000, $500,000, and $600,000. (Use Exhibit 5 as a model. Cloud Productivity Inc. Flexible Selling and Administrative Expenses Budget Cloud Productivity Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending March 31 Total sales Variable cost: Total variable cost Fixed cost: Total fixed cost Total selling and administrative expenses $400000 $500000 $600000