Lockwood Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first x months of 2020, the following data are available: 1 2 Sales: 20.100 units in quarter 1: 21.500 units in quarter 2 Variable costs per dollar of sales sales commissions 5%; delivery expense 2%; and advertising 4% Flwed costs per quarter sales salaries 510,000 office satiries SA, 200 depreciation $4,000, Insurance $1.400, utilities $800, and repairs expense 5500 Unit selling price $22 3 4 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 Total Prepare a seling 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 Total eTextbook and Media Sovet for Later Attempts of 3 used Subtitre