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

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Sheet 5: Include the following two budgets on the fifth 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 8&A Expenses, including sales commissions and subtotal of variable expenses; Fixed 8&A Expenses, including advertising, rent, salaries, property taxes and insurance, depreciation, and subtotal of fixed expenses: and nally, 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 835A, and so on). Note: Depreciation does not require a cash payment

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