Flexible Budget for Selling and Administrative Expenses for a Service Company 2. Cloud Productivity Inc. uses flexible budgets that are based on the following data: 15% of sales Sales commissions 3. Advertising expense 18% of sales 4 Miscellaneous administrative expense $8,500 per month plus 12 % of sales Office salaries expense $29,000 per month 5. $14,000 per month plus 20 % of sales Customer support expenses 6. Research and development expense $32,000 per month 7 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.) 8. Cloud Productivity Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending March 31 9. Total sales $400000 $500000 $600000 Varlable cost: 10. Sales commisslons 11. Advertising expense Miscellaneous administrative expense Customer support expenses V Total variable cost Fixed cost: Miscellaneous administrative expense $ Office salaries expense Customer support expenses Research and development expense Total fixed cost Total selling and administrative expenses Q0000