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Flexible Budget for Selling and Administrative Expenses Agent Blaze uses flexible budgets that are based on the following data: Sales commissions Advertising expense Miscellaneous selling expense Office salaries expense Office supplies expense Miscellaneous administrative expense Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $100,000, $125,000, and $150,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers 10% of sales 22% of sales $2,250 plus 2% of sales $15,000 per month 3% of sales $1,600 per month plus 1% of sales Agent Blaze Flexible Selling and Administrative Expenses Budget For the Month Ending January 31, 2016 $125,000 Total sales Variable cost: $100,000 $150,000 10,000 Sales commissions Advertising expense Miscellaneous selling expense Office supplies expense Miscellaneous administrative expense 12,500 15,000 22,000 27,500 33,000 Total variable cost Fixed cost: Miscellaneous selling expense Office salaries expense Miscellaneous administrative expense Total fixed cost Total selling and administrative expenses