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Pharoah Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses an expected to be $26,880 in the first
Pharoah Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses an expected to be $26,880 in the first quarter, and $4,480 increments are expected in the remaining quarters of 2022. Fixed expenses expected to be $44,800 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2022.
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