Required Prepare a production budget and estimate the materials, labor, and overhead costs for year 2 Sales Expense Budget Capstone Corporation has just received its sales expense report for January, which follows Item Amount Sales commissions $121, 500 Sales staff salaries 28, 800 Telephone and mailing 14, 580 Building lease payment 18,000 Utilities 3, 690 Packaging and delivery 24, 660 Depreciation 11, 250 Marketing consultants 17, 730 You have been asked to develop budgeted costs for the coming year. Because this month in typical, you decide to prepare an estimated budget for a typical month in the coming year and you uncover the following additional data: Sales volume is expected to increase by 10 percent. Sales prices are expected to increase by 5 percent. Commissions are based on a percentage of sales revenue. Sales staff salaries will increase 4 percent next year regardless of sales volume. Building rent is based on a five-year lease that expires in three years. Telephone and mailing expenses are scheduled to increase by 8 percent even with no change in sales volume. However, these costs are variable with the number of units sold, as are packaging and delivery costs. Utilities costs are scheduled to increase by 15 percent regardless of sales volume. Depreciation includes furniture and furniture and fixtures used by the sales staff. The company has just acquired an additional $17, 100 in furniture that will be received at the start of next year and will be depreciated over a 10-year life using the straight-line method. Marketing consultant expenses were for a special advertising campaign that runs from time to time. During the coming year, these costs are expected to average $31, 500 per month. Required Prepare a budget for sales expenses for a typical month in the coming year