Chapter 9, Problem 9.7BE

Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $24,000 in the first quater, and $4,000 increments are expected in the remaining quarters of 2017. Fixed expense are expected to be $40,000 in each quarter. Prepare the selling and administrative expens budget by quarters and in total for 2017.