QUESTION 1 Spring 20 Inc. has prepared the operating budget for the first quarter of 2020. They forecast sales of $62,000 in January, 565,000 in February and 570,000 in March. Forecasted expenses are below. Variable Product Cost (40% of Sales) Miscellaneous Expenses: (5% of Sales) Fixed Selling & Admin Expense: $8,000 per month Fixed Product Costs $6000 per month Calculate total expenses on a flexible budget for the month of January. You must show your computation in order to receive credit TRY