Question 37 Rado Company classifies its selling and administrative expenses budget into variable and fixed components. It expects variable expenses to be $22,500 in the first quarter, and expects 54,800 increments in the remaining quarters of 2020. It expects fixed expenses to be $41,600 in each quarter. Prepare the selling and administrative expenses budget by quarters for 2020 RADO COMPANY Selling and Administrative Expense Budget For the Year Ending December 31, 2020 Quarter 4 Year Variable costs 5 s $ Fixed costs Total $