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Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 24,000 2nd Quarter 25,000 3rd Quarter 21,000 4th Quarter 22,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $2.30. Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $44,000 per quarter, and depreciation of $23,000 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 $8,600 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.)

Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 24,000 2nd Quarter 25,000 3rd Quarter 21,000 4th Quarter 22,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $2.30. Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $44,000 per quarter, and depreciation of $23,000 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 $8,600 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.)

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 5PA: Cash budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash...
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Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 24,000 2nd Quarter 25,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $2.30. Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $44,000 per quarter, and depreciation of $23,000 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 $8,600 will be paid in the second quarter. Budgeted unit sales Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expenses: Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.) Advertising Depreciation Executive salaries Insurance Property taxes Total fixed selling and administrative expenses Total selling and administrative expenses Less: Depreciation Cash disbursements for selling and administrative expenses 3rd Quarter 21,000 X Answer is complete but not entirely correct. Weller Company Selling and Administrative Expense Budget 1st 2nd Quarter Quarter 24,000✔ 25,000✔ 2.30 $ 2.30 $ 55,200 57,500 $ $ ✔ <3333 ✓ 4th Quarter 22,000 *333333 9,000✔ 23,000✔ 44,000✔ 4,000 0✔ 9,000 23,000✔ 44,000✔✓ $ $ 3rd Quarter 21,000✔ 2.30 48,300 0✔ 8,600✔ 84,600✔ 80,000✔ 55,200 x 57,500 x 23,000✔ 23,000✔ $ 112,200 $ 119,100 $ $ 43*430033 9,000✔ 23,000✔ 44,000✔ 4,000✔ 0✔ 80,000✔ 48,300 x 23,000✔ 105,300 $ $ $ 4th Quarter 22,000✔ 2.30 $ 50,600✔ $ $ 9,000✔ 23,000✔ 44,000✔ 0✔ 0✔ 76,000 ✓ 50,600 X 23,000✔ 103,600✔ $ Year 92,000✔ 2.30 211,600 36,000✔ 92,000✔ 176,000 8,000 8,600 320,600 211,600 X 92,000✔ 440,200✔
Transcribed Image Text:Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 24,000 2nd Quarter 25,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $2.30. Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $44,000 per quarter, and depreciation of $23,000 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 $8,600 will be paid in the second quarter. Budgeted unit sales Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expenses: Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.) Advertising Depreciation Executive salaries Insurance Property taxes Total fixed selling and administrative expenses Total selling and administrative expenses Less: Depreciation Cash disbursements for selling and administrative expenses 3rd Quarter 21,000 X Answer is complete but not entirely correct. Weller Company Selling and Administrative Expense Budget 1st 2nd Quarter Quarter 24,000✔ 25,000✔ 2.30 $ 2.30 $ 55,200 57,500 $ $ ✔ <3333 ✓ 4th Quarter 22,000 *333333 9,000✔ 23,000✔ 44,000✔ 4,000 0✔ 9,000 23,000✔ 44,000✔✓ $ $ 3rd Quarter 21,000✔ 2.30 48,300 0✔ 8,600✔ 84,600✔ 80,000✔ 55,200 x 57,500 x 23,000✔ 23,000✔ $ 112,200 $ 119,100 $ $ 43*430033 9,000✔ 23,000✔ 44,000✔ 4,000✔ 0✔ 80,000✔ 48,300 x 23,000✔ 105,300 $ $ $ 4th Quarter 22,000✔ 2.30 $ 50,600✔ $ $ 9,000✔ 23,000✔ 44,000✔ 0✔ 0✔ 76,000 ✓ 50,600 X 23,000✔ 103,600✔ $ Year 92,000✔ 2.30 211,600 36,000✔ 92,000✔ 176,000 8,000 8,600 320,600 211,600 X 92,000✔ 440,200✔
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