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Scotch inc has prepared the operating budget for the first quarter of the year . The company forecast sales of $50000 in January , $60000

Scotch inc has prepared the operating budget for the first quarter of the year . The company forecast sales of $50000 in January , $60000 in February, and $70000 in March. Variable and fixed expense are as follows:
Variable expenses:
Power cost (20% of sales)
Miscellaneous expense: (10% of sales )
Fixed expenses:
Salaries expense: $6000 per month
Rent expense: $5000 per month
Depreciation expense: $1200
Power cost/ fixed portion: $500 per month
Miscellaneous expenses/ fixed portion: $1000 per month
Using this information above, calculate the amount of selling and administrative expenses for the month of February.

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