Brief Exercise 9-7 Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26,810 in the first quarter, and $5,210 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $41,680 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2017 ELBERT COMPANY Selling and Administrative Expense Budget 3 Variable expenses Fixed expenses Total selling and administrative expenses By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor