Q37

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Pharoah Company classifies its selling and administrative expenses budget into variable and fixed components. It expects variable expenses to be $27,000 in the first quarter, and expects $4,800 increments in the remaining quarters of 2022. It expects fixed expenses to be $38,300 in each quarter. Prepare the selling and administrative expenses budget by quarters for 2022. PHAROAH COMPANY Selling and Administrative Expense Budget For the Year Ending December 31, 2022 Quarter 2 3 Variable costs $ $ $ $ I Fixed costs Total $ budget by quarters for 2022. dget 22 4 Year $ $ $ $