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Swifty Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the
Swifty Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following data are available. 1 Sales: 16,400 units quarter 1: 18,040 units quarter 2 2 Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3% 3. Fixed costs per quarter: sales salaries $9,840, office salaries $6,560, depreciation $3.440, insurance $1,230, utilities $660. and repairs expense $410. 4. Unit selling price: $20. Prepare a selling and administrative expense budget by quarters for the first 6 months of 2022. (List variable expenses before fixed expense) > > > > < SWIFTY COMPANY Selling and Administrative Expense Budget $ Quarter 1 2 Six Months
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