Prepare operating expense budget for the fourth quarter

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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.

Problem 1: Prepare operating expense budget for the fourth quarter (for three separate months) of 20X9.

Reference no: EM132731055

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