Production Direct Mtls Direct Lbr Factory OHSelling Exp Admin Exp Cost of Sales Budget Income Budget Budget Budget Budget Budget Budget Goods Sold Statement Requirement Prepare the selling expense budget for the Johnson Inc.. Sales representatives' commissions are 16% of sales and are paid in the quarter of the sales. The sales manager's quarterly salary will be $53,000 in the first three quarters of the year, and $56,000 in the final quarter. Johnson Inc. Selling Expense Budget For the year ended December 31, 2018 First Qtr. Second Qtr. Third Qtr. Fourth Qtr. Total $ 486,000 $ 324,000 $ 432,000 $ 451,200 $ 1,693,200 Sales commissions 53,000 53,000 53,000 56,000 215,000 Total budgeted selling expenses