Agent Blaze uses flexible budgets that are based on the following data: ...

Flexible Budget for Selling and Administrative Expenses Agent Blaze uses flexible budgets that are based on the following data: Sales commissions 7% of sales Advertising expense 18% of sales Miscellaneous selling expense $2,600 plus 4% of sales Office salaries expense $17,000 per month Office supplies expense 5% of sales Miscellaneous administrative expense $1,850 per month plus 3% of sales Prepare a flexible selling and administrative expenses budget for January 2016, for sales volumes of $115,000, $145,000, and $175,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers. Agent Blaze Flexible Selling and Administrative Expenses Budget For the Month Ending January 31, 2016 Total sales $115,000 $145,000 $175,000 Variable cost: Sales commissions Advertising expense Miscellaneous selling expense Office supplies expense Miscellaneous administrative expense Total variable cost Fixed cost: Miscellaneous selling expense Office salaries expense Miscellaneous administrative expense mnm mmm i Total fixed cost Total selling and administrative expenses $