Consider the sales budget presented in Exercise E22A-33. Stewart€™s selling and administrative expenses include the following:
In exercise

Rent, $1,100 per month
Salaries, $2,000 per month
Commissions, 4% of sales
Depreciation, $1,800 per month
Miscellaneous expenses, 3% of sales
Prepare a selling and administrative expense budget for each of the three quarters of 2016 and totals for the nine-month period.

Quarter Ended Nine-Month Total June 30 $30,000 80,000 120,000 S 100,000 150,000 March 31 Cash sales, 20% Credit sales, 80% Total sales September 30 $25,000 100,000 $125,000 75,000 300,000 $375,000 $20,000