Weller Company's budgeted unit sales for the upcoming fiscal year are provided below. 1st Quarter 2nd Quarter 22,000 23,000 3rd Quarter 20,000 4th Quarter 20,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $2.10. Fixed selling and administrative expenses include advertising expenses of $15,000 per quarter, executive salaries of $41,000 per quarter, and depreciation of $21,000 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 $6,400 will be paid in the second 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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Weller Company's budgeted unit sales for the upcoming fiscal year are provided below:
1st Quarter 2nd Quarter
22,000
23,000
3rd Quarter
20,000
Budgeted unit sales
The company's variable selling and administrative expense per unit is $2.10. Fixed selling and
administrative expenses include advertising expenses of $15,000 per quarter, executive salaries of
$41,000 per quarter, and depreciation of $21,000 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 $6,400
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.)
4th Quarter
20,000
Variable selling and administrative expense per unit
Variable selling and administrative expense
Fixed selling and administrative expenses
Total fixed selling and administrative expenses
Total selling and administrative expenses
Weller Company
Selling and Administrative Expense Budget
Cash disbursements for selling and administrative expenses
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Transcribed Image Text:Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 22,000 23,000 3rd Quarter 20,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $2.10. Fixed selling and administrative expenses include advertising expenses of $15,000 per quarter, executive salaries of $41,000 per quarter, and depreciation of $21,000 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 $6,400 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.) 4th Quarter 20,000 Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expenses Total fixed selling and administrative expenses Total selling and administrative expenses Weller Company Selling and Administrative Expense Budget Cash disbursements for selling and administrative expenses 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
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