Bates & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to
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Depreciation ........ $10,000
Sales staff salaries ..... $25,000
Advertising .......... $1,000
Executive salaries ...... $10,000
Miscellaneous ......... $500
Required
Prepare Bates & Hill’s selling and administrative expense budget for the fi rst quarter of the coming year.
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