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Prepare a marketing expense budget for the fourth quarter: Sales volume for the third quarter was 3.400 units and is estimated to increase by 10%
Prepare a marketing expense budget for the fourth quarter: Sales volume for the third quarter was 3.400 units and is estimated to increase by 10% for the fourth quarter. Variable marketing expense is expected to be $0.15 per unit and paid in cash during the month of sale. Fixed marketing expenses per month are expected to incur as follows: total salaries $8,500, depreciation $3,750, and Insurance $1,700. a. What is the total budgeted marketing expense for the fourth quarter? b. What is the estimated cash payment for marketing expenses for the fourth quarter? Total budgeted marketing expense Estimated cash payment b
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