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Flexible Budget for Selling and Administrative Expenses for a Service Company Morningside Technologies Inc. uses exible budgets that are based on the following data: Sales
Flexible Budget for Selling and Administrative Expenses for a Service Company Morningside Technologies Inc. uses exible budgets that are based on the following data: Sales commissions 9% of sales Advertising expense 15% of sales Miscellaneous administrative expense $1,700 per month plus 1% of sales Office salaries expense $16,000 per month Customer support expenses $2,350 plus 2% of sales Research and development expense 3,150 per month Prepare a flexible selling and administrative expenses budget for April for sales volumes of $105,000, $130,000, and $160,000. Enter all amounts as positive numbers. Morningside Technologies Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 Total sales $105,000 $130,000 $160,000 Variable cost: Sales commissions 35:] $:] $:] Advertising expense C] C] C] Miscellaneous administrative expense [:] [:] [:] Customer support expenses C] C] C] Total variable cost 315:] $:] 55:] Fixed cost: Miscellaneous administrative expense 15:] $:] $:] Office salaries expense C] C] C] Fixed cost: Miscellaneous administrative expense $:] $:] $:] Office salaries expense [:] C] C] Customer support expenses [:l C] C] Research and development expense [:l C] C] Total fixed cost $:] $:] $:] Total selling and administrative expenses $:] $:] $:]
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