Weller Company's budgeted unit sales for next year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 34,000 36,000 27,000 32,000 Budgeted unit sales. The company's variable selling and administrative expense per unit is $3.30. Fixed selling and administrative expenses include advertising expenses of $11,000 per quarter, executive salaries of $53,000 per quarter, and depreciation of $33,000 per quarter. addition, the company will make insurance payments of $4,000 in the first quarter and $4,000 in the third quarter. Finally, propert taxes of $7,200 will be paid in the second quarter. Required: Prepare the company's selling and administrative expense budget for next year. Note: Round "Per Unit" answers to 2 decimal places.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
![Weller Company's budgeted unit sales for next year are provided below:
Budgeted unit sales
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
34,000
36,000
27,000
32,000
The company's variable selling and administrative expense per unit is $3.30. Fixed selling and administrative expenses include
advertising expenses of $11,000 per quarter, executive salaries of $53,000 per quarter, and depreciation of $33,000 per quarter.
addition, the company will make insurance payments of $4,000 in the first quarter and $4,000 in the third quarter. Finally, propert
taxes of $7,200 will be paid in the second quarter.
Required:
Prepare the company's selling and administrative expense budget for next year.
Note: Round "Per Unit" answers to 2 decimal places.
Weller Company
Selling and Administrative Expense Budget
2nd Quarter
1st Quarter
3rd Quarter
4th Quarter
Year](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f609380-52d4-4bdf-aff5-843dfdbec1ab%2F0b950726-3043-4cc1-a4ce-0cee8a74dc53%2Ffu8a12xg_processed.jpeg&w=3840&q=75)
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