Brief Exercise 21-7

Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26,800 in the first quarter, and $5,410 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $40,760 in each quarter.

Prepare the selling and administrative expense budget by quarters and in total for 2017.

Brief Exercise 21-7 Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26,800 in the first quarter, and $5,410 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $40,760 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2017. ELBERT COMPANY Selling and Administrative Expense Budget Quarter Year Variable espenses Fised espemses iminiewieen Click if you would like to Show Work for this question: Qpen Show Work