Flexible Budget for Selling and Administrative Expenses for a Service Company Morningside Technologies Inc. uses...
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Accounting
Flexible Budget for Selling and Administrative Expenses for a Service Company
Morningside Technologies Inc. uses flexible budgets that are based on the following data:
Sales commissions
8% of sales
Advertising expense
19% of sales
Miscellaneous administrative expense
$1,500 per month plus 1% of sales
Office salaries expense
$14,000 per month
Customer support expenses
$2,150 plus 2% of sales
Research and development expense
2,850 per month
Prepare a flexible selling and administrative expenses budget for April for sales volumes of $95,000, $120,000, and $145,000. Enter all amounts as positive numbers.
Morningside Technologies Inc.
Flexible Selling and Administrative Expenses Budget
For the Month Ending April 30
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