Rapid Corporation sells its product for $214. Forecasted sales are $301.400 in January, $361.400 in...
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Rapid Corporation sells its product for $214. Forecasted sales are $301.400 in January, $361.400 in February, and $321,400 in March. Variable costs are based on sales, and consist of commissions (7 percent of sales). cooperative advertising ( 3 percent of sales), and shipping (5 percent of sales) Monthly fixed costs are $7,700 sales salaries, $7.200 office salaries, $3,200 depreciation, $2,500 office rent, $1,250 insurance, and $1,550 utilities: Required Prepare Rapid's selling and administrative expense budget for the quarter ending March 31
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