Note: This is an algorithmic questlon which means for each attempt the numbers may be different. Wala Inc. bases Its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $4.40 per unit. The budgeted fixed selling and administrative expense is $30,220 per month, which includes depreclation of $3,490. The remainder of the fixed selling and administrative expense represents current cash flows The sales budget shows 3,300 units are planned to be sold in July. Required: Prepare the selling and administrative expense budget for July. July Budgeted unit sales 3,500 Variable selling and administrative expense per unit Variable selling and administrative expense 4,60 S 16,100 Fixed selling and administrative expense 30,200 Total selling and administrative expense 46,300 Less: Depreciation (3,470) $ 42,830 Cash disbursements for selling and administrative expenses