Please show all your work and show your steps. Clearly explain your answer and the steps you take. Please type your responses clearly.

Please explain the concept throughly used in this question prior to answering it. Explain the concept by typing and explaining throughly

The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below: 1st Quarter 15,000 Budgeted unit sales 2nd Quarter 16,000 3rd Quarter 14,000 4th Quarter 13,000 The company's variable selling and administrative expense per unit is $2.50. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $35,000 per quarter, and depreciation of $20,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in the third quarter. Finally, property taxes of $8,000 will be paid in the second quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Variable cost" answers to 2 decimal places.) Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Fixed selling and administrative expenses: Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses