View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Sheffield Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following data are available. 1 Sales: 25,200 units quarter 1:27,720 units quarter 2. 2 Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3% 3 4 Fixed costs per quarter: sales salaries $15,120, office salaries $10,000, depreciation $5.200, insurance $1,890, utilities $1.100, and repairs expense $630. Unit selling price: $20 Prepare a selling and administrative expense budget by quarters for the first 6 months of 2022. (List variable expenses before fixed expense) SHEFFIELD COMPANY Selling and Administrative Expense Budget For the Six Months Ending June 302022 Quarter 241PM