=+Prepare a flexible selling and administrative expenses budget for January 2008 for sales vol umes of $100,000, $120,000, and $140,000. (Use Exhibit 4 as a model.)

Steelcase Inc. is one ofthe largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produces filing cabinets in two departments: Fabrication and Trim Assembly. Assume the following information for the Fabrication Department:

Steel per filing cabinet Direct labor per filing cabinet Supervisor salaries Depreciation Direct labor rate Steel cost 50 pounds 18 minutes

$130,000 per month

$20,000 per month

$16 per hour

$1.25 per pound