The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below: 1 answer below »
The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 15,000 16,000 14,000 Budgeted unit sales 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: 0 0 0 0 0 Total fixed selling and administrative expenses 0 0 0 0 0 Total selling and administrative expenses g 0 Cash disbursements for selling and administrative expenses
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