Sheridan Company makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available: Variable Cost Per Unit Sold Monthly Fixed Cost Sales commissions $0.60 $ 6000 Shipping 1.20 Advertising 0.30 Executive salaries 48000 Depreciation on office equipment 8900 Other 035 360.00 Expenses are paid in the month incurred. If the company has budgeted to sell 7500 umbrellas in October how much is the total budgeted variable selling and administrative expenses for October? $27625 $18375 $117275 515750 What is the proper preparation sequencing of the following budgets? 1. Budgeted Balance Sheet 2. Sales Budget 3. Selling and Administrative Budget 4. Budgeted Income Statement 2.3.1, 4 2.3.4, 1 2.4.1.3 1, 2, 3, 4