Question Help Sweeney, Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget for the nine months ended September 30, 2024, follow: (Click the icon to view the sales budget and inventory, purchases, and cost of goods sold budget.) Sweeney's selling and administrative expenses include the following: (Click the icon to view the expenses.) Prepare a selling and administrative expense budget for each of the three quarters of 2024 and totals for the nine-month period. Sweeney, Inc. Selling and Administrative Expense Budget Nine Months Ended September 30, 2024 Quarter Quarter - X Data Table Quarter Ended Ended Ended Nine-month March 31 June 30 September 30 Total Rent, $1,200 per month Variable expenses: Commissions Expense Salaries, $4,500 per month Commissions, 4% of sales Depreciation, $1,700 per month Miscellaneous expenses, 2% of sales Miscellaneous Expenses Total variable expenses Fixed expenses: Rent Expense Salaries Expense Print Done Depreciation Expense Total fixed expenses Total selling and administrative expenses Choose from any list or enter any number in the input fields and then continue to the next question. ? Question Help i X Reference Sweeney, Inc., sells tire rims. Its sales budget an months ended September 30, 2024, follow: (Click the icon to view the sales budget and i e quarters of 2024 and totals for the nine-month Sales Budget Nine Months Ended September 30, 2024 Quarter Ended Nine-Month Selling March 31 June 30 September 30 Total Nine N Cash sales, 30% 30,000 $ 70,000 45,000||$ 105,000 37,500||$ 87,500 112,500 262,500 Credit sales, 70% 100,000||$ 150,000 $ 125,000 $ 375,000 Total sales Variable expenses: Commissions Expense Miscellaneous Expenses Sweeney, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2024 Quarter Ended Quarter Ended Quarter Ended March 31 June 30 September 30 Total variable expenses Nine-Month Total Fixed expenses: Rent Expense Salaries Expense $150,000 Cost of goods sold $40,000 $34,000 $60,000 $33,000 $50,000 $36,000 Depreciation Expense Plus: Desired ending merchandise inventory Total merchandise inventory required $74,000 $16,000 $93,000 $34,000 $86,000 $33,000 Total fixed expenses Less: Beginning merchandise inventory Total selling and administrative expenses $58,000 $59,000 $53,000 Budgeted purchases Choose from any list or enter any number in th Print Done