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Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $25,100 in the first quarter,
Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $25,100 in the first quarter, and $5,100 increments are expected in the remaining quarters of 2020. Fixed expenses are expected to be $40,100 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2020.
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