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The Stacy Company makes and sells a single product: Product R. Budgeted sales for April are $300,000. Gross margin is budgeted at 30% of sales

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The Stacy Company makes and sells a single product: Product R. Budgeted sales for April are $300,000. Gross margin is budgeted at 30% of sales dollars. If the Operating Income for April is budgeted at $40,000, what are the budgeted selling and administrative expenses

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