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Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $25,190 in the first quarter,
Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $25,190 in the first quarter, and $5,140 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $41,980 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2017. Please show how you calculated each cell in the budget.
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