Weller Company's budgeted unit sales for the upcoming fiscal year are provided below:  1st Quarter2nd Quarter3rd Quarter4th QuarterBudgeted unit sales23,00024,00021,00021,000  The company’s variable selling and administrative expense per unit is $2.20. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $41,000 per quarter, and depreciation of $22,000 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 $7,400 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.)

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Asked Dec 5, 2019
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Weller Company's budgeted unit sales for the upcoming fiscal year are provided below:

 

  1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted unit sales 23,000 24,000 21,000 21,000
 

 

The company’s variable selling and administrative expense per unit is $2.20. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $41,000 per quarter, and depreciation of $22,000 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 $7,400 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.)

 

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Budget: Budget is an effective tool to achieve the financial and operational goals of the business. Budget is the key element of the financial planning a...

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