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Fuller Enterprises uses flexible budgets that are based on the following data: Sales commissions 7% of sales Advertising expense 23% of sales Customer support expense
Fuller Enterprises uses flexible budgets that are based on the following data: Sales commissions 7% of sales Advertising expense 23% of sales Customer support expense $2,150 plus 4% of sales Office salaries expense $14,000 per month Miscellaneous administrative expense $2,000 plus 3% of sales Research and development expense $1,500 per month Prepare a flexible selling and administrative expenses budget for July for sales volumes of $95,000, $120,000, and $145,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers. FULLER ENTERPRISES Flexible Selling and Administrative Expenses Budget For the Month Ending July 31 Total sales $95,000 $120,000 $145,000 Variable cost: Sales commissions Advertising expense Customer support expense Miscellaneous administrative expense Total variable cost $ Fixed cost: Customer support expense $ Office salaries expense Miscellaneous administrative expense Research and development expense Total fixed cost $ Total selling and administrative expenses $
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