Current Attempt in Progress Lockwood Company combines its operating expenses for budget purposes in a selling and administrative expenses budget for the first six months of 2020, the following data are available: Sales: 19,900 units in quarter 1: 21,500 units in quarter 2 Variable costs per dollar of sales sales commissions 5%: delivery expense 2% and advertising 1% Fixed costs per quarter sales salaries $10,300 office salaries $7,00; depreciation $3,900; Imurance $1.600; utilities $700; and repairs expense $500 Unit selling price: 518 1 2 3 4 Prepare a selling and administrative expenses budget by quarters for the first six months of 2020 LOCKWOOD COMPANY Selling and Administrative Expenses Budget For the Six Months Ending June 30.2020 Total