FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Weller Company's budgeted unit sales for the upcoming fiscal year are provided below:
1st Quarter
21,000
2nd Quarter
28,000
3rd Quarter
19,000
4th Quarter
19,000
Budgeted unit sales
The company's variable selling and administrative expense per unit is $2.00. Fixed selling and administrative expenses include
advertising expenses of $14,000 per quarter, executive salaries of $41,000 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 the third quarter. Finally, property
taxes of $8,400 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.)
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
1st Quarter 2nd Quarter
Cash disbursements for selling and administrative expenses
3rd Quarter 4th Quarter
Year
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Transcribed Image Text:Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 21,000 2nd Quarter 28,000 3rd Quarter 19,000 4th Quarter 19,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $2.00. Fixed selling and administrative expenses include advertising expenses of $14,000 per quarter, executive salaries of $41,000 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 the third quarter. Finally, property taxes of $8,400 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.) 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 1st Quarter 2nd Quarter Cash disbursements for selling and administrative expenses 3rd Quarter 4th Quarter Year
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