Glen Homes wishes to produce an expenses budget for 2016 based on the previous year's actual figures. The actual figures from 2015 are: Power $10,000 Light $5,000 Wages $10,000 Telephone $4,000 Petrol $1,000 The following assumption are used to prepare the 2016 budget: The cost of power and light is expected to increase by 10% Wages are expected to decrease by 5% Telephone costs are expected to rise by 20% Petrol will rise by 7%. What will be the Wages expense budgeted For the 2016 year?

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Heres how to calculate the budgeted Wages expense for Glen Homes for 2016 Calc... View the full answer