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Morningside Technologies Inc. uses flexible budgets that are based on the following data: 15% of sales 12% of sales $8,000 per month plus 10% of sales $32,000 per month $14,000 per month plus 18% of sales $35,000 per month Sales commissions Advertising expense Miscellaneous administrative expense Office salaries expense Customer support expenses Research and development expense Prepare a flexible selling and administrative expenses budget for April for sales volumes of $400,000, $500,000, and $600,00 MORNINGSIDE TECHNOLOGIES INC. Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 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

Morningside Technologies Inc. uses flexible budgets that are based on the following data: 15% of sales 12% of sales $8,000 per month plus 10% of sales $32,000 per month $14,000 per month plus 18% of sales $35,000 per month Sales commissions Advertising expense Miscellaneous administrative expense Office salaries expense Customer support expenses Research and development expense Prepare a flexible selling and administrative expenses budget for April for sales volumes of $400,000, $500,000, and $600,00 MORNINGSIDE TECHNOLOGIES INC. Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 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

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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Morningside Technologies Inc. uses flexible budgets that are based on the following data: Sales commissions 15% of sales Advertising expense 12% of sales Miscellaneous administrative expense $8,000 per month plus 10% of sales Office salaries expense $32,000 per month Customer support expenses $14,000 per month plus 18% of sales Research and development expense $35,000 per month Prepare a flexible selling and administrative expenses budget for April for sales volumes of $400,000, $500,000, and $600,000. MORNINGSIDE TECHNOLOGIES INC. Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 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 LA +A
Transcribed Image Text:Morningside Technologies Inc. uses flexible budgets that are based on the following data: Sales commissions 15% of sales Advertising expense 12% of sales Miscellaneous administrative expense $8,000 per month plus 10% of sales Office salaries expense $32,000 per month Customer support expenses $14,000 per month plus 18% of sales Research and development expense $35,000 per month Prepare a flexible selling and administrative expenses budget for April for sales volumes of $400,000, $500,000, and $600,000. MORNINGSIDE TECHNOLOGIES INC. Flexible Selling and Administrative Expenses Budget For the Month Ending April 30 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 LA +A
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