ww The production department of Raredon Corporation has submitted the following forecast of unit to be produced by quarter for the upcoming fiscal year: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales in units 10,000 12,000 14,000 16,000 The selling price of the company's product is $18 per unit In addition, the variable expense rates per unit of sales is $ 1.50. The fixed selling and administrative expense is $ 40,000 per quarter. Required: 1. Prepare the company's sales budget. 2. Prepare a selling and administrative expense budget. Sales Budget Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year 52000 10,000 12,000 14,000 16,000 selling and administrative expense budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Expected unit sales Unit selling price Total sales Expected unit sales Variable cost per unit : Total variable Fixed cost: Total selling and administrative expense Year