Shep Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first quarter of 2019, the following data are developed: 1. Sales: 20,000 units; unit selling price: $30 2. Variable costs per dollar of sales: Sales commissions Delivery expense 6% 2% 4% Advertising 3. Fixed costs per quarter: Sales salaries $24,000 Office salaries Depreciation Insurance Utilities 19,000 6,000 2,000 1,000 Prepare a selling and administrative expense budget for the first quarter of 2019. (List variable costs before fixed costs.) SHEP COMPANY Selling and Administrative Expense Budget For the Quarter Ended March 31, 2019 Variable Expenses Advertising Office Salaries Utilities Insurance Fixed Expenses Delivery Expense Depreciation Sales Salaries Total Selling and Administrative Expenses Sales Commissions Total Fixed Total Variable