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Flexible budget for selling and administrative expenses for a service company Social Media Inc. uses...

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Accounting

Flexible budget for selling and administrative expenses for a service company Social Media Inc. uses flexible budgets that are based on the following data: Sales commissions ...................................... 18% of sales Advertising expense .................................... 24% of sales Miscellaneous adm. exp. ............................. $9,000 per month plus 12% of sales Office salaries expense................................ $38,000 per month Customer support expenses ........................ $13,000 per month plus 20% sales Research and development expense........... $40,000 per month Prepare a flexible selling and administrative expenses budget for June 2016 for sales volume $500,000, $600,000 and $700,000.

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