Preparing a Selling and Administrative Expenses Budget Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,600,000. There is a 5% commission on sales. In addition, fixed expenses of the sales and administrative offices include the following: Salaries Utilities $ 960,000 365,000 230,000 1,200,000 Office space Advertising Required: Prepare a selling and administrative expenses budget for Fazel Company for the coming year Fazel Company Selling and Administrative Expenses Budget For the Coming Year Fixed expenses