THOMPSON TOY COMPANY Selling and Administrative Expense Budget For the Year Ended December 31, 2017 First Quarter Second QuaThird Quarte Salaries expense $8,500 $8,500 $8,500 Rent expense $2,400 $2,400 $2,400 Insurance expense $750 $750 $750 Depreciation expense $1,500 $1,500 $1,500 Supplies expense (1% of sales) 350 420 490 Total bugeted selling and admin. Expense $13,500 $13,570 $13,640