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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
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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Flexible Budget for Selling and Administrative Expenses 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 $28,000 per month $12,000 per month plus 20% of sales $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 Office salaries expense Customer support expenses Research and development expense Cloud Productivity Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending March 31, 2016 Total sales Variable cost: Sales commissions Advertising expense Miscellaneous administrative expense Customer support expense Total variable cost Fixed cost: $400,000 $500,000 $600,000 0000
Transcribed Image Text:Flexible Budget for Selling and Administrative Expenses 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 $28,000 per month $12,000 per month plus 20% of sales $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 Office salaries expense Customer support expenses Research and development expense Cloud Productivity Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending March 31, 2016 Total sales Variable cost: Sales commissions Advertising expense Miscellaneous administrative expense Customer support expense Total variable cost Fixed cost: $400,000 $500,000 $600,000 0000
< amounts as positive numbers. Cloud Productivity Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending March 31, 2016 Total sales Variable cost: Sales commissions Advertising expense Miscellaneous 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 $400,000 $500,000 $600,000 Good Doc
Transcribed Image Text:< amounts as positive numbers. Cloud Productivity Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending March 31, 2016 Total sales Variable cost: Sales commissions Advertising expense Miscellaneous 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 $400,000 $500,000 $600,000 Good Doc
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