Pharoah Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first six months of 2022, the following data are available: 1. Sales: 19,600 units in quarter 1:21,800 units in quarter 2 2. Variable costs per dollar of sales: sales commissions 5%; delivery expense 2%; and advertising 4% 3. Fixed costs per quarter: sales salaries $9.300; office salaries $7.200; depreciation $4,600; insurance $1.700: utilities $700; and repairs expense $500 4. Unit selling price: $19 Prepare a selling and administrative expenses budget by quarters for the first six months of 2022. PHAROAH COMPANY Selling and Administrative Expenses Budget For the Six Months Ending June 30, 2022 Total Total 2 PHAROAH COMPANY Selling and Administrative Expenses Budget For the Six Months Ending June 30, 2022 1 ST