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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 $17,900,000. There is a 5% 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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