Lily Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $20,160 in the first quarter, and $3,360 increments are expected in the remaining quarters of 2022. Fixed expenses are expected to be $33,600 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2022.

LILY COMPANY Selling and Administrative Expense Budget choose the accounting period December 31, 2022For the Year Ending December 31, 2022For the Quarter Ending December 31, 2022
	Quarter
	1		2		3		4		Year
select an item Direct LaborDirect MaterialsFixed ExpensesProduction UnitsSalesTotal Selling and Administrative ExpensesVariable Expenses	$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
select an item Direct LaborDirect MaterialsFixed ExpensesProduction UnitsSalesTotal Selling and Administrative ExpensesVariable Expenses	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a closing name for this budget Direct LaborDirect MaterialsFixed ExpensesProduction UnitsSalesTotal Selling and Administrative ExpensesVariable Expenses	$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total dollar amount