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Sheridan Company combines its operating expenses for budget purposes in a selling and administrative expenses...

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Accounting

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Sheridan Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first six months of 2022, the following data are available: 1. Sales: 20,100 units in quarter 1;22,000 units in quarter 2 2. Variable costs per dollar of sales: shes commissions 5%; delivery expense 2%; and advertising 4% 3. Fixed costs per quarter: sales salaries $9,600; office salaries $8,300; depreciation $4,400; insurance $1,500; utilities $900; and repairs expense $400 4. Unit selling price: $21 Prepare a selling and administrative expenses budget by quarters for the first six months of 2022. SHERIDAN COMPANY Selling and Administrative Expenses Budget For the Six Months Ending June 30, 2022 \begin{tabular}{|c|c|c|c|c|c|c|} \hline & & 1 & & 2 & & Total \\ \hline & $ & & $ & & $ & \\ \hlinev & $ & & $ & & $ & \\ \hlinev & $ & & $ & & $ & \\ \hline \end{tabular}

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