2.) 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 commissionsAdvertising expenseMiscellaneous administrative expenseOffice salaries expenseCustomer support expensesResearch and development expense9% of sales15% of sales$1,900 per month plus 2% of sales$18,000 per month$2,700 plus 3% of sales4,800 per monthPrepare a flexible selling and administrative expenses budget for April for sales volumes of $120,000, $150,000, and $180,000. Enter all amounts as positive numbers. Total salesVariable cost:Morningside Technologies Inc.Flexible Selling and Administrative Expenses BudgetFor the Month Ending April 30$120,000Sales commissionsAdvertising expenseMiscellaneous administrative expenseCustomer support expensesTotal variable costFixed cost:Miscellaneous administrative expenseOffice salaries expenseCustomer support expensesResearch and development expenseTotal fixed costTotal selling and administrative expenses1,080 X300 X30,880 X$150,0001,350 X $300 X3000 OOOOO4,350 X $$180,000$ 31,750 X $16,20027,0003,6005,40052,2001,90018,0002,7004,80027,40079,600

FLEXIBLE BUDGETA flexible budget is a budget that is prepared for different levels of activity or…

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 Advertising expense Miscellaneous administrative expense Office salaries expense Customer support expenses Research and development expense 9% of sales 15% of sales $1,900 per month plus 2% of sales $18,000 per month $2,700 plus 3% of sales 4,800 per month Prepare a flexible selling and administrative expenses budget for April for sales volumes of $120,000, $150,000, and $180,000. Enter all amounts as positive numbers.