for --> O ezto.mheducationoom/hm.tpx The budgeted unit sales of Weller Company f

Question

for --> O ezto.mheducationoom/hm.tpx The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below Budgeted unit sales 15,000 16,000 14,000 13,000 The company's variable selling and administrative expense per unit is $2.50. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $35,000 per quarter, and depreciation of $20,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and s5,000 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 1st Quarter 2nd Quarter 3rd Quarter 4th Qu Fixed selling and administrative expenses

Explanation / Answer

SELLING AND ADMIN EXPENSE BUDGET QUARTER-1 QUARTER-2 QUARTER-3 QUARTER-4 YEAR Budgeted Sales units 15000 16000 14000 13000 58000 Variable Selling and admin OH (@ 2.50) 2.5 2.5 2.5 2.5 2.5 Total Variable Selling OH 37500 40000 35000 32500 145000 Fixed Sselling and Admin Overheads Advertisement expense 8000 8000 8000 8000 32000 Executive salaries 35000 35000 35000 35000 140000 Depreciation 20000 20000 20000 20000 80000 Insurance expense 5000 5000 10000 Property taxes 8000 8000 Total Fixed Selling and Admin expense 68000 71000 68000 63000 270000 Total Selling and Admin expense 105500 111000 103000 95500 415000 Less: Depreciation 20000 20000 20000 20000 80000 Cash disbursal for Selling and Admin OH 85500 91000 83000 75500 335000

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