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Sheet 5: d . Include the following two budgets on the fth worksheet, clearly labeled: Selling and Administrative Expenses Budget Cash Payments Budget and Combined

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Sheet 5: d . Include the following two budgets on the fth worksheet, clearly labeled: Selling and Administrative Expenses Budget Cash Payments Budget and Combined Cash Budget Prepare a selling and administrative expenses budget for each quarter and for the year in total. List the cost items in the following order: Variable S&A Expenses, including sales commissions and subtotal of variable expenses; Fixed S&A Expenses, including advertising, rent, salaries, property taxes and insurance, depreciation, and subtotal of fixed expenses; and finally, Total Selling and Administrative Expenses. Prepare a cash payments budget and combined cash budget for each quarter and for the year in total. List clearly each type of cash payments (for shirts purchases, labor, overhead, and S&A, and so on). Note: Depreciation does not require a cash payment

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