Temple Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first quarter of 2011, the following data are developed: 1. Sales: 20,000 units Selling Price per unit: $35 2. Variable costs per dollar of sales: 12% 3. Fixed costs per QUARTER: $50,000 How much is the budgeted selling and administrative expenses for the FIRST QUARTER? (e.g. $100,000)