Exercise 8-6 Selling and Administrative Expense Budget (L08-7] The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 18,000 22,000 17,000 16,000 The company's variable selling and administrative expense per unit is $1.70. Fixed selling and administrative expenses include advertising expenses of $11,000 per quarter, executive salaries of $38,000 per quarter, and depreciation of $17,000 per quarter. In addition, the company will make insurance payments of $4,000 in the first quarter and $4,000 in the third quarter. Finally, property taxes of $8.200 will be paid in the second quarter Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Variable cost" answers to 2 decimal places.) Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Fixed selling and administrative expenses: Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses