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From the Following Details,provided by a Merchandising Company,prepare the Selling

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Essay

From the following details,provided by a merchandising company,prepare the selling and administrative expenses budget for the first quarter of the next year.
 Rent Expense $8,000 per month  Depreciation Expense $3,500 per month  Insurance Expense $1,250 per month  Miscellaneous Expense 2% of sales, paid as incurred  Commissions Expense 10% of sales  Salaries Expense $7,000 per month \begin{array} { | l | l | } \hline \text { Rent Expense } & \$ 8,000 \text { per month } \\\hline \text { Depreciation Expense } & \$ 3,500 \text { per month } \\\hline \text { Insurance Expense } & \$ 1,250 \text { per month } \\\hline \text { Miscellaneous Expense } & 2 \% \text { of sales, paid as incurred } \\\hline \text { Commissions Expense } & 10 \% \text { of sales } \\\hline \text { Salaries Expense } & \$ 7,000 \text { per month } \\\hline\end{array}  Jan  Feb  March  Sales $50,000$65,000$80,000\begin{array} { | l | l | l | r | } \hline & \text { Jan } & \text { Feb } & \text { March } \\\hline \text { Sales } & \$ 50,000 & \$ 65,000 & \$ 80,000 \\\hline\end{array}

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Definitions:

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, intended to represent the monthly change in the price level experienced by consumers.

Nominal Wage Rate

The wage rate paid to employees unadjusted for inflation, representing the amount of money received per unit of time.

Real Wage Rate

The compensation received per hour of work after adjusting for inflation, indicating the actual value of wages.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation.

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