2 Exercise 8-6 Selling and Administrative Expense Budget [LO8-7] Weller Company\

Question

2 Exercise 8-6 Selling and Administrative Expense Budget [LO8-7] Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: st Quarter 2nd Quarter 3rd Quarter 4th Quarter 10 points Budgeted unit sales 33,000 35,000 26,000 31,000 eBook Hint Print References The company's variable selling and administrative expense per unit is $3.20. Fixed selling and administrative expenses include advertising expenses of $10,000 per quarter, executive salaries of $53,000 per quarter, and depreciation of $32,000 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 $9,200 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.)

Explanation / Answer

Q1 Q2 Q3 Q4 Unit sales 33000 35000 26000 31000 Variable Costs 105600 112000 83200 99200 Advertisement Expense 10000 10000 10000 10000 Executive salaries 53000 53000 53000 53000 Depreciation 32000 32000 32000 32000 Insurance Payment 5000 5000 Propoerty Taxes 9200 Total 238600 251200 209200 225200

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