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 d Qua 34,000 3rd Quarter 4th Quarter Budgeted unit sales 32,000 25,000 30,000 The company's variable selling and administrative expense per unit is $3.10. Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $31,000 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 $8,000 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 3rd 2nd Quarter Quarter Quarter 4th Year Fixed selling and administrative expenses Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Weller Company Statementshowing Computations Selling and Adminstrative Expense Budget Paticulars Q1 Q2 Q3 Q4 Year Budgeted Unit sales            32,000.00            34,000.00            25,000.00            30,000.00         121,000.00 Variable selling and admin Exp per unit                      3.10                      3.10                      3.10                      3.10                      3.10 Total variable selling and admin Expense            99,200.00         105,400.00            77,500.00            93,000.00         375,100.00 Fixed selling and admin expense: Advertising expense              9,000.00              9,000.00              9,000.00              9,000.00            36,000.00 Executive salaries            50,000.00            50,000.00            50,000.00            50,000.00         200,000.00 Depreciation            31,000.00            31,000.00            31,000.00            31,000.00         124,000.00 Insurance expense              4,000.00              4,000.00              8,000.00 Property Taxes              8,000.00              8,000.00 Fixed selling and admin expense            94,000.00            98,000.00            94,000.00            90,000.00         376,000.00 Total selling and admin expense         193,200.00         203,400.00         171,500.00         183,000.00         751,100.00 Less Depreciation         (31,000.00)         (31,000.00)         (31,000.00)         (31,000.00)       (124,000.00) Cash disbursement for selling and admin expense         162,200.00         172,400.00         140,500.00         152,000.00         627,100.00

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