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Question - Food King gathered the following information for the fourth quarter of 20X9:
Budgeted sales for October $25,000
Monthly Expenses:
Salary expense $1,500
Rent expense $1,000
Depreciation expense $400
Sales commissions 10% of sales
Advertising expense 8% of sales
Miscellaneous expense 5% of sales
Monthly sales are expected to increase by 5% each month.
Required - Create an operating expense budget for the fourth quarter (for three separate months) of 20X9.
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