The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:...
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Accounting
The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Budgeted unit sales
28,000
29,000
21,000
26,000
The companys variable selling and administrative expense per unit is $2.70. Fixed selling and administrative expenses include advertising expenses of $13,000 per quarter, executive salaries of $47,000 per quarter, and depreciation of $27,000 per quarter. In addition, the company will make insurance payments of $4,000 in the first quarter and $4,000 in the third quarter. Finally, property taxes of $6,800 will be paid in the second quarter.
Required:
Prepare the companys selling and administrative expense budget for the upcoming fiscal year. (Input all amounts as positive values. 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 Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses
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