Question
In: Accounting
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
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 | 21,000 | 28,000 | 19,000 | 19,000 |
The company’s variable selling and administrative expense per unit is $2.00. Fixed selling and administrative expenses include advertising expenses of $14,000 per quarter, executive salaries of $41,000 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 $5,000 in the third quarter. Finally, property taxes of $8,400 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.)
Weller CompanySelling and Administrative Expense Budget1st Quarter2nd Quarter3rd Quarter4th QuarterYearVariable selling and administrative expense per unitVariable selling and administrative expenseFixed selling and administrative expenses:Total fixed selling and administrative expensesTotal selling and administrative expensesCash disbursements for selling and administrative expenses
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
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
35,000
37,000
28,000
33,000
The company’s variable selling and administrative expense per
unit is $3.40. Fixed selling and administrative expenses include
advertising expenses of $12,000 per quarter, executive salaries of
$53,000 per quarter, and depreciation of $34,000 per quarter. In
addition, the company will make insurance payments of $5,000 in the
first quarter and $5,000 in...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
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
31,000
33,000
24,000
29,000
The company’s variable selling and administrative expense per
unit is $3.00. Fixed selling and administrative expenses include
advertising expenses of $8,000 per quarter, executive salaries of
$50,000 per quarter, and depreciation of $30,000 per quarter. In
addition, the company will make insurance payments of $5,000 in the
first quarter and $5,000 in...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
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
16,000
18,000
15,000
14,000
The company’s variable selling and administrative expense per
unit is $1.50. Fixed selling and administrative expenses include
advertising expenses of $9,000 per quarter, executive salaries of
$35,000 per quarter, and depreciation of $15,000 per quarter. In
addition, the company will make insurance payments of $4,000 in the
first quarter and $4,000 in...
The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below: 1st...
The budgeted unit sales of
Weller Company for the upcoming fiscal year are provided
below:
1st
Quarter
2nd
Quarter
3rd
Quarter
4th
Quarter
Budgeted unit
sales
24,000
25,000
21,000
22,000
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...
he budgeted unit sales of ToneV Company for the upcoming fiscal year are provided below: 1St...
he budgeted unit sales of ToneV Company for the upcoming fiscal
year are provided below: 1St Quarter 2nd Quarter 3rd Quarter 4th
Quarter Budgeted Unit Sale 22,000 21,000 24,000 23,000 The
company’s variable selling and administrative expenses per unit are
$1.80. Fixed selling and administrative expenses include
advertising expenses of $18,000 per quarter, executive salaries of
$47,000 per quarter, and depreciation of $14,000 per quarter. In
addition, the company will make insurance payments of $8,000 in the
2nd quarter and...
Exercise 8-6 Selling and Administrative Expense Budget Weller Company's budgeted unit sales for the upcoming fiscal...
Exercise 8-6 Selling and Administrative Expense Budget
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
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...
A) Moriarity Company has budgeted the following unit sales: 1st Quarter 2019 7,000 2nd Quarter 2019...
A) Moriarity Company
has budgeted the following unit sales:
1st Quarter
2019 7,000
2nd Quarter 2019 3,000
3rd Quarter 2019 4,000
Beginning finished
goods for the first quarter was 1,400 units. The company's policy
is to maintain an inventory of finished goods as 20% of the next
quarter sales. The production budget for the SECOND
quarter is __________. (no dollar signs, decimals or
commas) HINT: you must calculate the first quarter in order to
calculate the 2nd quarter.
B)JTS Corp...
Ring The Bells Co. makes one product. Budgeted unit sales for 1st Quarter, 2nd Quarter, 3rd...
Ring The Bells Co. makes one product. Budgeted unit sales for
1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter are 580,000;
560,000; 575,000; and 590,000 units, respectively. The ending
finished goods inventory should equal 5% of the following month's
sales. The budgeted required production for 3rd Quarter is:
a. 575,000 units
b. 575,750 units
c. 574,250 units
d. 560,750 units
e. 560,000 units
Moriarity Company has budgeted the following unit sales: 1st Quarter 2019 7,000 2nd Quarter 2019 3,000...
Moriarity Company has budgeted the following unit sales: 1st
Quarter 2019 7,000 2nd Quarter 2019 3,000 3rd Quarter 2019 4,000
Beginning finished goods for the first quarter was 1,400 units. The
company's policy is to maintain an inventory of finished goods as
20% of the next quarter sales. The production budget for the SECOND
quarter is __________. (no dollar signs, decimals or commas) HINT:
you must calculate the first quarter in order to calculate the 2nd
quarter.
Exercise 8-6 Selling and Administrative Expense Budget [LO8-7] Weller Company's budgeted unit sales for the upcoming...
Exercise 8-6 Selling and Administrative Expense Budget
[LO8-7]
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
21,000
28,000
19,000
19,000
The company’s variable selling and administrative expense per
unit is $2.00. Fixed selling and administrative expenses include
advertising expenses of $14,000 per quarter, executive salaries of
$41,000 per quarter, and depreciation of $20,000 per quarter. In
addition, the company will make insurance payments of...
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