Neeley Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first quarter of 2008, the following data are developed: 1. Sales: 20,000 units; unit selling price: 2. Variable costs per dollar of sales: Sales commissions Delivery expense Advertising 3. Fixed costs per quarter: Sales salaries Office salaries Depreciation Insurance Property taxes Instructions $35 6% 2% 4% $24,000 17,000 6,000 2,000 1,000 Prepare a selling and administrative expense budget for the first quarter of 2008.