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 20,000 3rd Quarter 16,000 4th Quarter The company's variable selling and administrative expense per unit is $1.60. Fixed selling and payments of $5,000 in the first quarter and $5,000 in the third quarter. Finally, property taxes of $7,000 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 Total fixed selling and administrative expenses Total selling and administrative expenses

Explanation / Answer

1st quarter 2nd quarter 3rd quarter 4th quarter year Budgeted unit sales 17000 20000 16000 15000 68000 Variable selling and admin. Expense per unit 1.6 1.6 1.6 1.6 1.6 Variable expense 27200 32000 25600 24000 108800 Fixed selling and admin expense: Advertising 10000 10000 10000 10000 40000 Executive Salaries 35000 35000 Insurance 5000 5000 10000 Property taxes 7000 7000 Depreciation 16000 16000 16000 16000 64000 Total Fixed expenses 66000 33000 31000 26000 156000 Total selling and administrative expenses 93200 65000 56600 50000 264800 Less depreciation 16000 16000 16000 16000 64000 Cash disbursements for selling and administrative expenses 77200 49000 40600 34000 200800

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