the budget assumes that 60% of commission expense

Question 1: (24 marks) Jordan Data estracted from budgeted SECTION A jvdan Manufacturing Conmpery's butgned lco t faloist e statement data: Mar A sion exp-15% of sales Ma Jun 100 13 30 expense-496 ,8004,000 Utility expense nsurance expense 3,600 3,60 ciation The budget assumes that 60% of commission expenses are paid in the the remaining 40% are paid one month later. In addition, 50% of salary expenses are paid in the month incurred and the remaining 50% are paid one month later. Miscellaneous expenses rent expense and utility expenses are assumed to be paid in the same month in which they month they were incured a for operati Insurance was prepaid for the year on January 1. Prepare the budgeted cash payments expenses for the months of April May and Jane, using the following template. Budget of Cash Payments for Operating Apr Variable espenses 40% of last month, commission exp 60% of this month's commission exp Misc. expenses-4% of sales Total variable op exp Fixed expenses: nth's salary exp 50% of this month's sa Rent esp Ublity Cents for fixed op ep Total payments for op exp