Waterway Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $24,480 in the first quarter, and $4,080 increments are expected in the remaining quarters of 2025. Fixed expenses are expected to be $40,800 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2025. $ WATERWAY COMPANY Selling and Administrative Expense Budget Quarter $ Waterway Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $24.480 in the first quarter, and $4,080 increments are expected in the remaining quarters of 2025. Fixed expenses are expected to be $40,800 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2025. $ WATERWAY COMPANY Selling and Administrative Expense Budget 3 Quarter $ 3 Year SUPP SUPPE

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Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.