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Prepare the selling and administrative expense budget

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Question

Crane Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $27,000 in the first quarter, and $5,550 increments are expected in the remaining quarters of 2020. Fixed expenses are expected to be $40,310 in each quarter.

Prepare the selling and administrative expense budget by quarters and in total for 2020.

Reference no: EM132344114

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