Question

Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...

Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 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. 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 $7,200 will be paid in the second quarter. Required: Prepare the company’s selling and administrative expense budget for the upcoming fiscal year.

Homework Answers

Answer #1

Required: Prepare the company’s selling and administrative expense budget for the upcoming fiscal year.

1st quarter 2nd quarter 3rd quarter 4th quarter Year
Unit Sales 34000 36000 27000 32000 129000
Variable selling and administrative expense per unit 3.30 3.30 3.30 3.30 3.30
Variable selling and administrative expense 112200 118800 89100 105600 425700
Fixed selling and administrative expense
Advertising expense 11000 11000 11000 11000 44000
executive salaries 53000 53000 53000 53000 212000
Depreciation expense 33000 33000 33000 33000 132000
Insurance expense 4000 4000 8000
Property taxes 7200 7200
Total fixed selling and administrative expense 101000 104200 101000 97000 403200
Total selling and administrative expense 213200 223000 190100 202600 828900
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 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. In addition, the company will make insurance payments of $4,000 in the first quarter and $4,000 in...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 35,000 37,000 28,000 33,000 The company’s variable selling and administrative expense per unit is $3.40. Fixed selling and administrative expenses include advertising expenses of $12,000 per quarter, executive salaries of $53,000 per quarter, and depreciation of $34,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 20,000 26,000 19,000 18,000 The company’s variable selling and administrative expense per unit is $1.90. Fixed selling and administrative expenses include advertising expenses of $13,000 per quarter, executive salaries of $38,000 per quarter, and depreciation of $19,000 per quarter. In addition, the company will make insurance payments of $4,000 in the first quarter and $4,000 in...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 30,000 31,000 23,000 28,000 The company’s variable selling and administrative expense per unit is $2.90. Fixed selling and administrative expenses include advertising expenses of $15,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $29,000 per quarter. In addition, the company will make insurance payments of $4,000 in the first quarter and $4,000 in...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 31,000 33,000 24,000 29,000 The company’s variable selling and administrative expense per unit is $3.00. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $30,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in...
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...
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...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: Budgeted unit sales...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: Budgeted unit sales 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 15,000 16,000 14,000 13,000 The company’s variable selling and administrative expense per unit is $2.50. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $35,000 per quarter, and depreciation of $20,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in...
1A) Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter...
1A) Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 15,000 16,000 14,000 13,000 The company’s variable selling and administrative expense per unit is $2.50. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $35,000 per quarter, and depreciation of $20,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000...
Exercise 8-6 Selling and Administrative Expense Budget [LO8-7] Weller Company's budgeted unit sales for the upcoming...
Exercise 8-6 Selling and Administrative Expense Budget [LO8-7] Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 18,000 22,000 17,000 16,000 The company’s variable selling and administrative expense per unit is $1.70. Fixed selling and administrative expenses include advertising expenses of $11,000 per quarter, executive salaries of $38,000 per quarter, and depreciation of $17,000 per quarter. In addition, the company will make insurance payments of...