Please do not give solution in image format thanku Flexible Budget for Selling and Administrative ExpensesCloud Productivity Inc. uses flexible budgets that are based on the following data:Sales commissions14% of sales18% of sales$6,500 per month plus 12% of sales$28,000 per month$12,000 per month plus 20% of sales$30,000 per monthPrepare a flexible selling and administrative expenses budget for March 2016 for sales volumes of $400,000, $500,000, and $600,000. Enter allamounts as positive numbers.Advertising expenseMiscellaneous administrative expenseOffice salaries expenseCustomer support expensesResearch and development expenseCloud Productivity Inc.Flexible Selling and Administrative Expenses BudgetFor the Month Ending March 31, 2016Total salesVariable cost:Sales commissionsAdvertising expenseMiscellaneous administrative expenseCustomer support expenseTotal variable costFixed cost:$400,000 $500,000 $600,0000000 <amounts as positive numbers.Cloud Productivity Inc.Flexible Selling and Administrative Expenses BudgetFor the Month Ending March 31, 2016Total salesVariable cost:Sales commissionsAdvertising expenseMiscellaneous administrative expenseCustomer support expenseTotal variable costFixed cost:Miscellaneous administrative expenseOffice salaries expenseCustomer support expenseResearch and development expenseTotal fixed costTotal selling and administrative expenses$400,000 $500,000 $600,000Good Doc

Flexible budget is the statement which is prepared by the entity to estimate the fixed and variable…

Cloud Productivity Inc. uses flexible budgets that are based on the following data: Sales commissions 14% of sales 18% of sales $6,500 per month plus 12% of sales Office salaries expense $28,000 per month Customer support expenses $12,000 per month plus 20% of sales Research and development expense $30,000 per month Prepare a flexible selling and administrative expenses budget for March 2016 for sales volumes of $400,000, $500,000, and $600,000. Enter all amounts as positive numbers. Advertising expense Miscellaneous administrative expense Cloud Productivity

Cloud Productivity Inc. uses flexible budgets that are based on the following data: Sales commissions 14% of sales 18% of sales $6,500 per month plus 12% of sales Office salaries expense $28,000 per month Customer support expenses $12,000 per month plus 20% of sales Research and development expense $30,000 per month Prepare a flexible selling and administrative expenses budget for March 2016 for sales volumes of $400,000, $500,000, and $600,000. Enter all amounts as positive numbers. Advertising expense Miscellaneous administrative expense Cloud Productivity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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