Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $25,910 in the first quarter, and $5,140 increments are expected in the remaining quarters of 2020. Fixed expenses are expected to be $41,300 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2020.

ELBERT COMPANY Selling and Administrative Expense Budget For the Year Ending December 31, 2020December 31, 2020For the Quarter Ending December 31, 2020

Quarter

1

2

3

4

Year

Direct LaborDirect MaterialsFixed ExpensesProduction UnitsSalesTotal Selling and Administrative ExpensesVariable Expenses

$

$

$

$

$

Direct LaborDirect MaterialsFixed ExpensesProduction UnitsSalesTotal Selling and Administrative ExpensesVariable Expenses

Direct LaborDirect MaterialsFixed ExpensesProduction UnitsSalesTotal Selling and Administrative ExpensesVariable Expenses

$

$

$

$

$