Concord Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following data are available. 1. Sales: 22,400 units quarter 1:24,640 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. Fixed costs per quarter: sales salaries $13,440, office salaries $8,960, depreciation $4,640, insurance $1,680, utilities $960, and repairs expense $560 4. Unit selling price: $20. 3. Prepare a selling and administrative expense budget by quarters for the first 6 months of 2022. (List variable expenses before fixed expense) CONCORD COMPANY Selling and Administrative Expense Budget Quarter 2 Six Months $ $ Total Selling and Administrative Expenses Fixed Expenses Total Variable Expenses Sales Commissions Variable Expenses Repairs Expense Budgeted Sales in Units Advertising Depreciation Insurance Utilities Office Salaries Total Fixed Expenses Sales Salaries Delivery Expense