84%@) 1:51 M Chapter 9 Homework X+ ezto.mheducation.com/hm.tpx 6. 0 points The b

Question

84%@) 1:51 M Chapter 9 Homework X+ ezto.mheducation.com/hm.tpx 6. 0 points The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below: The company's variable selling and administrative expense per unit is $2.50. Fixed selling and administrative expenses include advertising expenses of $11,000 per quarter, executive salaries of $44,000 per quarter, and depreciation of $25,000 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 $7,600 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.)

Explanation / Answer

Ans. Weller Company Selling And Administration Expenses Budget Particulars Q1 Q2 Q3 Q4 Total Budgeted unit sales 26000 27000 19000 24000 96000 Variable selling & administration exp. (sales units*2.5) (A) 65000 67500 47500 60000 240000 Fixed selling & administration exp.: Advertising expenses 11000 11000 11000 11000 44000 Executive salaries 44000 44000 44000 44000 176000 Depreciation 25000 25000 25000 25000 100000 Insurance 4000 4000 8000 Property tax 7600 7600 Total Fixed selling & administration exp. (B) 84000 87600 84000 80000 335600 Total selling & administration exp. (A+B) 149000 155100 131500 140000 575600 Less: Depreciation 25000 25000 25000 25000 100000 Cash disbursement for selling & administration expenses 124000 130100 106500 115000 475600 *Depreciation is a non cash expenses so it is subtracted from total selling & administration expenses to calculate the cash disbusement for selling & administration expenses.

Related Questions

Navigate

• Browse (All)
• Browse 8
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.