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1st Quarter 31,000 2nd Quarter 3rd Quarter 4th Quarter 33,000 29,000 24,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $3.00. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $30,000 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 $7,000 will be paid in the second quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.) Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expenses Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses ✪ 3rd Quarter 4th Quarter Year

1st Quarter 31,000 2nd Quarter 3rd Quarter 4th Quarter 33,000 29,000 24,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $3.00. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $30,000 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 $7,000 will be paid in the second quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.) Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expenses Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses ✪ 3rd Quarter 4th Quarter Year

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 31,000 33,000 24,000 29,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $3.00. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $30,000 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 $7,000 will be paid in the second quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.) Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expenses Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses + Prey 3 of 3 EEE 3rd Quarter Next 4th Quarter Year
Transcribed Image Text:1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 31,000 33,000 24,000 29,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $3.00. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $30,000 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 $7,000 will be paid in the second quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.) Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expenses Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses + Prey 3 of 3 EEE 3rd Quarter Next 4th Quarter Year
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