Lily Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following data are available. 1. Sales: 16,800 units quarter 1: 18,480 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $10,080, office salaries $6,720, depreciation $3,520, insurance $1,260, utilities $680, and repairs expense $420. 4. Unit selling price: $20. Prepare a selling and administrative expense budget by quarters for the first 6 months of 2022. (List variable expenses before fixed expense.) LILY COMPANY Selling and Administrative Expense Budget Quarter 1 2 Six Months > > $ $ $