80.2K

Verified Solution

Link Copied!

Weller Company's budgeted unit sales for next year are provided below:

$\backslash$table$[[$Budgeted unit sales,$15t$ Quarter $2$nd Quarter $3$rd Quarter $4$th Quarter,,$],[33,000,35,000,26,000,31,000]]$

The company's variable selling and administrative expense per unit is $$3\mathrm{.}20.$ Fixed selling and administrative expenses include advertising expenses of $$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 next year.

Note: Round "Per Unit" answers to $2$ decimal places.

$\backslash$table$[[$Weller Company$],[$Selling and Administrative Expense Budget$],[,1$st Quarter,$2$nd Quarter,$3$rd Quarter,$4$th Quarter,Year$],[,,,$ar$,,],[$Variable selling and administrative expense per unit$],[\{$

$\backslash$table$[[$Variable selling and administrative expense$],[$Fixed selling and administrative expenses:$]]\}],[],[$Fixed selling and administrative expenses:,,,$],[,,,,,],[,,,,,],[,,,,,],[,,,.,,],[$Total fixed selling and administrative expenses$],[$Total selling and administrative expenses$],[4,,,,,],[$Cash disbursements for selling and administrative expenses,,,,,$]]$

Answer & Explanation Solved by verified expert

See Answer