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: 3. Fixed costs per quarter: Instructions Prepare a selling and administrative expense budget for the first quarter of 2019. SHEP CONPANY Selling and Admiristrative Expense Bucget For the Quarter Ended March 31, 2019 Variable axenses Sales comenissions Delivery experse Advertising Total variable Fixd expenes Sales salaries Office salaries Depreciation Insurance Utilities Total fieed Total selling and administrative ecpenus