Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: Budgeted unit sales 1st Quarter 32,000 2nd Quarter 34,000 3rd Quarter 4th Quarter 25,000 30,000 The company's variable selling and administrative expense per unit is $3.10. Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $31,000 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 $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 "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 3rd Quarter 4th Quarter Year Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: Budgeted unit sales 1st Quarter 32,000 2nd Quarter 34,000 3rd Quarter 4th Quarter 25,000 30,000 The company's variable selling and administrative expense per unit is $3.10. Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $31,000 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 $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 "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 3rd Quarter 4th Quarter Year Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Weller Company's budgeted unit sales for the upcoming fiscal year are provided below:
Budgeted unit sales
1st Quarter
32,000
2nd Quarter
34,000
3rd Quarter 4th Quarter
25,000
30,000
The company's variable selling and administrative expense per unit is $3.10. Fixed selling and administrative expenses include
advertising expenses of $9,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $31,000 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 $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 "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 3rd Quarter 4th Quarter
Year
Total fixed selling and administrative expenses
Total selling and administrative expenses
Cash disbursements for selling and administrative expenses](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbd5ca586-ef73-47ac-9620-7bccb84273ae%2Fa571e45f-c74d-4a24-8e42-b40ad55552de%2Fbthesln_processed.png&w=3840&q=75)
Transcribed Image Text:Weller Company's budgeted unit sales for the upcoming fiscal year are provided below:
Budgeted unit sales
1st Quarter
32,000
2nd Quarter
34,000
3rd Quarter 4th Quarter
25,000
30,000
The company's variable selling and administrative expense per unit is $3.10. Fixed selling and administrative expenses include
advertising expenses of $9,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $31,000 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 $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 "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 3rd Quarter 4th Quarter
Year
Total fixed selling and administrative expenses
Total selling and administrative expenses
Cash disbursements for selling and administrative expenses
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