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.)
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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