Agent Blaze uses flexible budgets that are based on the following data: Sales commissions . . .
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Sales commissions . . . . . . . . . . . . . . . . . 8% of sales
Advertising expense . . . . . . . . . . . . . . . . 21% of sales
Miscellaneous selling expense . . . . . . ..$2,250 plus 3% of sales
Office salaries expense . . . . . . . . . . . . . . $15,000 per month
Office supplies expense . . . . . . . . . . . . . . .4% of sales
Miscellaneous administrative expense . . . $1,600 per month plus 2% of sales
Prepare a flexible selling and administrative expenses budget for January 2010 for sales volumes of $100,000, $125,000, and $150,000. (Use Exhibit 5 as a model.)
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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