and Cash dispursents for selling and administrative expenses Connect e Accountin

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and Cash dispursents for selling and administrative expenses

Connect e Accounting question l Chegg Niko × .Cnewconnect.mheducation.com/flow/connect.html?sessionid-24011461 15039732592275d9d6b70289c440b80a4e921a55d1dbc&emailenaanast;%40ilstu.edu Apps MyLab & Mastering I..nois State Universi.. @ Chapter 8 Homework Saved Help Save & Exit Submit Weller Company's budgeted unit sales for the upcoming fiscal year are provided below 6 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 17,000 20,000 16,000 15,000 The company's variable selling and administrative expense per unit is $1.60. Fixed selling and administrative expenses include advertising expenses of $10,000 per quarter, executive salaries of $35,000 per quarter, and depreciation of $16,000 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 $7,000 will be paid in the second quarter. 1.25 points Required Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.) eBook Print References Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expenses Mc Graw Hill

Explanation / Answer

Selling and Administrative Expenses Budget Quarter 1 2 3 4 Year Units to be Sold 17,000 20,000 16,000 15,000 68,000 Variable S&A Expenses Per Unit 1.6 1.6 1.6 1.6 6 Total Variable Expenses 27200 32000 25600 24000 1,08,800 Fixed Selling and Administrative Expenses 0 Salaries 35000 35000 35000 35000 1,40,000 Insurance Payment 5000 0 5000 0 10,000 Advertising 10000 10000 10000 10000 40,000 Depreciation 16000 16000 16000 16000 64,000 PropertyTax 0 7000 0 0 7,000 Total Fixed Expenses 66000 68000 66000 61000 2,61,000 Total S&A Expenses 93200 100000 91600 85000 3,69,800 Cash disbursmet for selling and administrative expenses(total S& A exp - depreciation) 77200 84000 75600 69000 305800

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