Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26,330 in the first quarter, and $5,470 increments are expected in the remaining quarters of 2020 . Fixed expenses are expected to be $40,610 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2020 . Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26,330 in the first quarter, and $5,470 increments are expected in the remaining quarters of 2020 . Fixed expenses are expected to be $40,610 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2020 . 1 Direct Labor Direct Materials Fixed Expenses Production Units Sales Total Selling and Administrative Expenses Variable Expenses