Business, 12.08.2020 05:01 mamieengler

Weller Company's budgeted unit sales 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. (Round "Per Unit" answers to 2 decimal places.)

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Answer from: melaniespinkhaow4w1j

Answer and Explanation:

The preparation of company’s selling and administrative expense budget for the upcoming fiscal year is shown below:-

Weller Company

Selling and Administrative Expense Budget

Particulars 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year

Budgeted Unit

Sales a 34,000 36,000 27,000 32,000 129,000

Variable Selling and Administrative Expense

Per Unit $3.3 $3.3 $3.3 $3.3 $3.3

Variable Selling and Administrative

Expense (a × b) $112,200 $118,800 $89,100 $105,600 $425,700

Fixed Selling and Administrative Expense

Advertising $11,000 $11,000 $11,000 $11,000 $44,000

Executive

Salaries $53,000 $53,000 $53,000 $53,000 $212,000

Insurance $4,000 0 $4,000 0 $8,000

Property Taxes 0 $7,200 0 0 $7,200

Depreciation $33,000 $33,000 $33,000 $33,000 $132,000

Total Fixed Selling and Administrative

Expense $101,000 $104,200 $101,000 $97,000 $403,200

Total Selling and Administrative

Expense $213,200 $223,000 $190,100 $202,600 $828,900

Less:

Depreciation $33,000 $33,000 $33,000 $33,000 $132,000

Cash Paid for Selling and

Administrative

Expenses $180,200 $190,000 $157,100 $169,600 $696,900

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Answer from: Quest

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Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2n...

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