Martinez Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26,330 in the first quarter, and $5,470 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $40,610 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2017 MARTINEZ COMPANY Selling and Administrative Expense Budget Quarter 1 2 3 $ $ $ Variable expenses Fixed expenses Total selling and administrative expenses $ $ $ $