Response to the following problem:
The budget unit sales of Weller Company 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 administrated expense per unit is $2.50. Fixed selling and administrative expenses include advertisement expenses of $8,000 per quarter, executives salaries of $ 35,000 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 $8,000 will be paid in the second quarter.
Required:
Prepare the company's selling and administrative expense budget for the upcoming fiscal year.