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Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26, 770 in the first

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Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26, 770 in the first quarter, and $5, 240 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

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