Homeport uses flexible budgets that are based on the following data: Prepare a flexible selling and administrative
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Homeport uses flexible budgets that are based on the following data:
Prepare a flexible selling and administrative expenses budget for March 2013 for sales volumes of $400,000, $600,000, and$800,000.
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Sales commissions Advertising expense Miscellaneous selling expense Office salaries expense Office supplies expense Miscellaneous administrative expense 4% of sales 12% of sales $3,000 plus 2% of sales $40,000 per month 1.5% of sales $1,500 per month plus 1 % of sales
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