Ashley 201 810-Sp s? D Chapter 8: x :) Files × perfect con x \"New Tab × Economi

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Ashley 201 810-Sp s? D Chapter 8: x :) Files × perfect con x "New Tab × Economics × New Tab × Hawkes Le × ! ! Hawkes Lee × ezto.mheducation.com/hm.tpx The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below: 1st Quarter 15,000 2nd Quarter 16,000 3rd Quarter 14,000 4th Quarter 13,000 Budgeted unit sales 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 S35,000 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 S5,000 in the third quarter. Finally, property taxes of S8,000 will be paid in the second quarter Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Variable cost" answers to 2 decimal places.) Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Fixed selling and administrative expenses: Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses

Explanation / Answer

1st quarter 2nd quarter 3rd quarter 4th quarter Year Budgeted unit sales 15000 16000 14000 13000 58000 Variable selling and admin. Expense per unit 2.5 2.5 2.5 2.5 2.5 Total variable expense 37500 40000 35000 32500 145000 Fixed selling and admin expense: Advertising 8000 8000 8000 8000 32000 Executive Salaries 35000 35000 35000 35000 140000 Insurance 5000 5000 10000 Property taxes 8000 8000 Depreciation 20000 20000 20000 20000 80000 Total Fixed selling and admin expense 68000 71000 68000 63000 270000 Total selling and administrative expenses 105500 111000 103000 95500 415000 Less depreciation 20000 20000 20000 20000 80000 Cash disbursements for selling and administrative expenses 85500 91000 83000 75500 335000

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