Question

The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below: 1st...

The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted unit sales 24,000 25,000 21,000 22,000

The company’s variable selling and administrative expense per unit is $2.30. Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $44,000 per quarter, and depreciation of $23,000 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 $8,600 will be paid in the second quarter.

  
Required:

Prepare the company’s selling and administrative expense budget for the upcoming fiscal year. (Input all amounts as positive values. Round "Variable cost" answers to 2 decimal places.)

The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted unit sales 24,000 25,000 21,000 22,000

The company’s variable selling and administrative expense per unit is $2.30. Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $44,000 per quarter, and depreciation of $23,000 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 $8,600 will be paid in the second quarter.

  
Required:

Prepare the company’s selling and administrative expense budget for the upcoming fiscal year. (Input all amounts as positive values. Round "Variable cost" answers to 2 decimal places.)

The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted unit sales 24,000 25,000 21,000 22,000

The company’s variable selling and administrative expense per unit is $2.30. Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $44,000 per quarter, and depreciation of $23,000 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 $8,600 will be paid in the second quarter.

  
Required:

Prepare the company’s selling and administrative expense budget for the upcoming fiscal year. (Input all amounts as positive values. Round "Variable cost" answers to 2 decimal places.)

Homework Answers

Answer #1

Selling and administrative expense budget

1st quarter 2nd quarter 3rd quarter 4th quarter Year
Budgeted unit sales 24000 25000 21000 22000 92000
Variable selling and administrative expense 2.3 2.3 2.3 2.3 2.3
Variable selling and administrative expense 55200 57500 48300 50600 211600
Fixed selling and administrative expense
Advertising expense 9000 9000 9000 9000 36000
Executive salaries 44000 44000 44000 44000 176000
Depreciation 23000 23000 23000 23000 92000
Insurance 4000 4000 8000
Property tax 8600 8600
Total Fixed selling and administrative expense 80000 84600 80000 76000 320600
Total Selling and administrative expense 135200 142100 128300 126600 532200
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