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Morningside Technologies Inc. uses flexible budgets that are based on the following data: Sales commissions 5% of sales 16% of sales Advertising expense Miscellaneous administrative
Morningside Technologies Inc. uses flexible budgets that are based on the following data: Sales commissions 5% of sales 16% of sales Advertising expense Miscellaneous administrative expense Office salaries expense $1,350 per month plus 1% of sales $13,000 per month Customer support expenses $1,900 plus 2% of sales Research and development expense 2,550 per month Prepare a flexible selling and administrative expenses budget for April for sales volumes of $85,000, $105,000, and $130,000. Enter all amounts as positive numbers. . Morningside Technologies Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 Total sales $85,000 $ 105,000 $130,000 Variable cost: Sales commissions 4,250 $ 5,250 $ 6,500 Advertising expense 15,300 X 18,900 x 23,400 X Miscellaneous administrative expense 850 1,050 1,300 Customer support expenses 1,700 2,100 2,600 Total variable cost 22,100 X $1 27,300 x 33,800 X Fixed cost: Miscellaneous administrative expense 1,350 1,350 1,350 Office salaries expense 13,000 13,000 13,000 Customer support expenses 1,900 1,900 1,900 Research and development expense 2,550 2,550 2,550 Total fixed cost 18,800 $ 18,800 18,800 $ Total selling and administrative expenses 40,900 X $ 46,100 X $ 52,600 X
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