PA3. LO 7.2 Echo Amplifiers prepared the following sales budget for the first quarter of 2018: Jan. Feb. Mar. Units 1,000 1,200 1,500 Sales price $ 100 $ 100 $ 100 Budgeted sales $10,000 $12,000 $15,000 It also has this additional information related to its expenses: Direct material per unit $ 1.50 Direct labor per unit 2 Variable manufacturing overhead per hour 0.50 Fixed manufacturing overhead per month 3,000 Sales commissions per unit 15 Sales salaries per month 5,000 Delivery expense per unit 0.50 Factory utilities per month 5,000 Administrative salaries per month 20,000 Marketing expenses per month 8,000 Insurance expense per month 11,000 Depreciation expense per month 9,000 Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018 Solution Echo Amplifiers Sales and Administrative Budget For the Quarter Ending Mar. 31, 2018 Jan. Feb. Mar. Budgeted Sales in Units Variable Expenses Sales Commission