Lockwood Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first six months of 2020, the following data are available:

1.		Sales: 19,900 units in quarter 1; 21,500 units in quarter 2
2.		Variable costs per dollar of sales: sales commissions 5%; delivery expense 2%; and advertising 4%
3.		Fixed costs per quarter: sales salaries $10,300; office salaries $7,400; depreciation $3,900; insurance $1,600; utilities $700; and repairs expense $500
4.		Unit selling price: $18

Prepare a selling and administrative expenses budget by quarters for the first six months of 2020.

LOCKWOOD COMPANY Selling and Administrative Expenses Budget For the Six Months Ending June 30, 2020
		1		2		Total
Fixed ExpensesTotal Selling and Administrative ExpenseOperating ExpensesVariable ExpensesBudgeted Sales		$		$		$
Fixed ExpensesVariable ExpensesOperating ExpensesTotal Selling and Administrative ExpenseBudgeted Sales		$		$		$
Fixed ExpensesOperating ExpensesVariable ExpensesTotal Selling and Administrative ExpenseBudgeted Sales
Fixed ExpensesOperating ExpensesBudgeted SalesVariable ExpensesTotal Selling and Administrative Expense		$		$		$