Selling and administrative expenses are billed and paid the month they occur. Selling and administrative expenses have both a fixed and a variable component. The fized component is a constant $6,000 per month The variable component equals 5 percent of revenues Given revenues of $300.000 for January, $350,000 for February, and $400,000 for March, what would be the budgeting selling and administrative expenses that would be paid in March? $26.000 $32,500 $23,500 $17.500