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Sheridan Company classifies its selling and administrative expense budget into variable and fixed components. Variable...

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Accounting

Sheridan Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $21,120 in the first quarter, and $3,520 increments are expected in the remaining quarters of 2022. Fixed expenses are expected to be $35,200 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2022.

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