SPU, Ltd., has just received its sales expense repart for January, which follows. Sales commissions Sales siell Salaries Telephone and mailing Building luase payment Utilities Packaging and delivery Depreciation Marketing consulients Amount $360,500 89.400 47.000 70.000 17.100 75.000 51.750 61.190 You have been asked to develop budgated costs for the coming year. Because this month is 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 14 neront + Sales prices are expected to decrease by 10 percent + Commissions are based on a percentage of sales revenue Sales staff salaries will increase 4 percent next year regardless af 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 6 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 3 percent regardless of sales volume. Depreciation includes furniture and fixtures used by the sales sta. The company has just acquired an additional $53,000 in fumiture that wil be received at the start of next year and will be depreciated over a 10-year ite 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 $64,500 per month Required: Prepare a budget for sales expenses for a typical month in the coming year (Do not round Intermediate calculations.) Budgeted Typical Item Sales barrmissions Salas staff salaries Telephone and railing Building lease payment Utiles Packaging and delivery Depreciation Marketing consultants Total budgeted costs