The budgeted unit sales of Weller Company for the upcoming fiscal year are provi

Question

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 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. (Input all amounts as positive values. Round "Variable cost" answers to 2 decimal places.)

Explanation / Answer

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

1st quarter 2nd quarter 3rd quarter 4th quarter Year Sales units 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 adminisstrative expenses Advertising expenses 11000 11000 11000 11000 44000 executive salaries 53000 53000 53000 53000 212000 Depreciation 33000 33000 33000 33000 132000 Insurance payment 4000 4000 8000 Property tax 7200 7200 Total fixed selling and adminitrative expense 101000 104200 101000 97000 403200 Total selling and administrative expense 213200 223000 190100 202600 828900

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