tive expenses (exclusive of bad debt expenses): otal selling and admin expenses r fiscal year $108,000 tal fixed selling & admin expenses fiscal year (included in total) curred evenly throughout the year $24,000 nual amortization expense cluded in fixed selling and admin ense) $6,000 able selling and administrative expenses vary with sales revenue. Selling and administrative expenses paid as incurred. ired: Prepare a cash budget for Higym Co for June 2019. Why are budgets important for organizations? I What are some disadvantages when budgets are prepared based on top-down approach, instea of bottom-up approach