Hi Can you help solve the below question please? The budgeted sales of Used Bikes for the next fiscal year are provided below:

The company's variable selling and administrative expense is $5\%$ of sales. Fixed selling and administrative expenses include

advertising expenses of $$1,000$ per quarter, employee salaries of $$40,000$ per quarter, rent of $$6,000$ per quarter, and depreciation of

$$5,000$ per quarter. In addition, the company will make insurance payments of $$2,000$ in the second quarter and $$2,000$ in the fourth

quarter.

Required:

Prepare the company's selling and administrative expense budget for the upcoming fiscal year.

Note: Round "Variable cost" answers to $2$ decimal places.

The budgeted sales of Used Bikes for the next fiscal year are provided below:

The company's variable selling and administrative expense is $5\%$ of sales. Fixed selling and administrative expenses include

advertising expenses of $$1,000$ per quarter, employee salaries of $$40,000$ per quarter, rent of $$6,000$ per quarter, and depreciation of

$$5,000$ per quarter. In addition, the company will make insurance payments of $$2,000$ in the second quarter and $$2,000$ in the fourth

quarter.

Required:

Prepare the company's selling and administrative expense budget for the upcoming fiscal year.

Note: Round "Variable cost" answers to $2$ decimal places.

How would the selling and administrative expense budget change if the company decides to purchase a new office computer at the

beginning of the third quarter for $$2,000$ that will be depreciated on a straight$-$line basis assuming a two$-$year useful life with no

salvage value?

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