Phat Companys variable selling and administrative expenses are 10% of net sales. Fixed expenses are $50,000 per

Question:

Phat Company’s variable selling and administrative expenses are 10% of net sales. Fixed expenses are $50,000 per quarter. The sales budget shows expected sales of $200,000 and $250,000 in the first and second quarters, respectively. What are the total budgeted selling and administrative expenses for each quarter?