(Answered) Question preparing a selling and administrative expenses

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Question: Preparing a Selling and Administrative Expenses Budget Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,730,000. There is a 3 percent commission on sales. In addition, fixed expenses of the sales and administrative offices include the following:

Salaries $960,000

Utilities 365,000

Office space 230,000

Advertising 1,200,000

Required: Prepare a selling and administrative expenses budget for Fazel Company for the coming year.

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