Business, 14.04.2020 19:51 mnaiachickadee
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 22,000 23,000 20,000 20,000
The company’s variable selling and administrative expense per unit is $2.90. Fixed selling and administrative expenses include advertising expenses of $15,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $29,000 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 $9,000 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.)
Answers: 3
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The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:
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