Edington Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2008, the following data are available. Sales: 20,000 units quarter 1; 22,000 units quarter 2. Variable costs per dollar of sales: Sales commissions 5%, delivery expense 2%, and advertising 3%. Fixed costs per quarter: Sales salaries $10,000, office salaries $6,000, depreciation $4,200, insurance $1,500, utilities $800, and repairs expense $600. Unit selling price: $20. Prepare a selling and administrative expense budget by quarters for the first 6 months of 2008. (List amounts from largest to smallest eg 10, 5, 3, 2.) EDINGTON COMPANY Selling and Administrative Expense Budget For the Six Months Ending June 30, 2008 Quarter Six 1 2 Months Budgeted sales in units Variable expenses $ $ $ Total variable Fixed expenses Total fixed Total selling and administrative expenses $ $ $ Click here if you would like to Show Work for this question Link to Text 1