forecast 21) Scotch, Inc. has prepared the operating budget for the first quarter of the year. The company sales of $45,000 in January, $55,000 in February, and $65,000 in March. Variable and fixed admin. Detail for expenses are as follows: selling & Variable Expenses: Power cost (40% of sales) Miscellaneous expenses: (15% of sales) Fixed Expenses: Salaries expense: $10,000 per month Rent expense: $5,000 per month Depreciation expense: $1,200 per month Power cost/fixed portion: $800 per month Miscellaneous expenses/fixed portion: $1,200 per month Using the information above, calculate the amount of selling and administrative expenses for Show all computations. (12 points) each month