The budgeted unit sales of Helene Company for the upcoming fiscal year are provided below: 1s quarter 12,000 2nd quarter 14,000 3rd quarter 11,000 4th quarter Budgeted unit sales 10,000 The company's variable selling and administrative expenses per unit are P2.75. Fixed selling and administrative expenses include advertising expenses of P12,000 per quarter, executive salaries of P40,000 per quarter, and depreciation of P16,000 per quarter. In addition, the company will make insurance payments of P6,000 in the 2nd Quarter and P6,000 in the 4th Quarter. Finally, property taxes of P6,000 will be paid in the 3rd Quarter.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Exercise 6 (Selling and Administrative Budget)
The budgeted unit sales of Helene Company for the upcoming fiscal year are
provided below:
3rd quarter
11,000
4th quarter
1st quarter
12,000
2nd quarter
14,000
Budgeted unit sales
10,000
The company's variable selling and administrative expenses per unit are P2.75.
Fixed selling and administrative expenses include advertising expenses of
P12,000 per quarter, executive salaries of P40,000 per quarter, and
depreciation of P16,000 per quarter. In addition, the company will make
insurance payments of P6,000 in the 2d Quarter and P6,000 in the 4th Quarter.
Finally, property taxes of P6,000 will be paid in the 3rd Quarter.
Transcribed Image Text:Exercise 6 (Selling and Administrative Budget) The budgeted unit sales of Helene Company for the upcoming fiscal year are provided below: 3rd quarter 11,000 4th quarter 1st quarter 12,000 2nd quarter 14,000 Budgeted unit sales 10,000 The company's variable selling and administrative expenses per unit are P2.75. Fixed selling and administrative expenses include advertising expenses of P12,000 per quarter, executive salaries of P40,000 per quarter, and depreciation of P16,000 per quarter. In addition, the company will make insurance payments of P6,000 in the 2d Quarter and P6,000 in the 4th Quarter. Finally, property taxes of P6,000 will be paid in the 3rd Quarter.
128
Chapter 5
Prepare the company's selling and administrative expense budget for the
upcoming fiscal year.
Required:
Transcribed Image Text:128 Chapter 5 Prepare the company's selling and administrative expense budget for the upcoming fiscal year. Required:
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