Selling and Administrative Expense Budget LO7 The budgeted unit sales of Haerve Company for the upcoming fiscal year are provided below The companys variable selling and administrative expenses per unit are $2 75 Fixed selling and administrative expenses include advertising expenses of $12,000 per ...

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Selling and Administrative Expense Budget [LO7] The budgeted unit sales of Haerve Company for the upcoming fiscal

Question:

Selling and Administrative Expense Budget [LO7]

The budgeted unit sales of Haerve Company for the upcoming fiscal year are provided below: image text in transcribed

The company’s variable selling and administrative expenses per unit are $2.75. Fixed selling and administrative expenses include advertising expenses of $12,000 per quarter, executive salaries of $40,000 per quarter, and depreciation of $16,000 per quarter. In addition, the company will make insurance payments of $6,000 in the 2nd Quarter and $6,000 in the 4th Quarter. Finally, property taxes of $6,000 will be paid in the 3rd Quarter.
Required:
Prepare the company’s selling and administrative expense budget for the upcoming fiscal year.

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