Exercise 22-2 Name: Section: Score: .0% Key Code: [Key code here Instructions Answers are entered in the cells with gray backgrounds Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry MORNING TECHNOLOGIES INC Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 Total sales Variable cost Sales commissions Advertising expense Miscelianeous administrative expense Customer support expense Total variable cost Fixed cost: Miscellaneous administrative expense Office salaries expense Customer support expense Research and development expense Total fixed cost Total selling and administrative expenses EX 22-2 Flexible budget for selling and administrative expenses for a service company OBJ. 2, 4 Morningside Technologies Inc. uses flexible budgets that are based on the following data: 15% of sales 12% of sales $8,000 per month plus 10% of sales $32,000 per month . . . . . . . . $14,000 per month plus 18% of sales Research and development expense.........................$35,000 per month Prepare a flexible selling and administrative expenses budget for April for sales volumes of $400,000, $500,000, and $600,000