Question

Brief Exercise 21-7 Elbert Company classifies its selling and administrative xpense budget into variable and fixed components. Variable expenses are expected to be $25,760 in the first quarter, and $5,560 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $41,140 in each quarter Prepare the selling and administrative expense budget by quarters and in total for 2017 ELBERT COMPANY Selling and Administrative Expense Budget Quarter Variable expenses Fored expenses Total selling and administrative expenses Click if you would like to show Work for this question: Open Show Work LOVE INTERACTIVE TUTORIAL

Answer 1

ELBERT COMPANY
Selling and Administrative Expense Budget
	Quarter
	1	2	3	4	Year
Variable expenses	25,760	31,320	36,880	42,440	136,400
Fixed expenses	41,140	41,140	41,140	41,140	164,560
Total selling and administrative expense	66,900	72,460	78,020	83,580	300,960

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