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1... Using the given information, calculate and complete the S, G, and A budget. Round calculations to the nearest penny. The Mugs Unlimited Corporation sells
1... Using the given information, calculate and complete the S, G, and A budget. Round calculations to the nearest penny. The Mugs Unlimited Corporation sells custom designed coffee mugs. They are preparing for the 2022 production year and creating budgets based on the information from the appropriate departments. Sales budgets and schedules of cash collections are complete, as is the production budget, direct materials budget, direct labor budget, manufacturing overhead budget, and the ending finished goods inventory budget. Complete the SG&A Expense budget for 2022 based on the following: ***The rate for variable SG&A Expense is .30/unit. The following fixed expenses are applicable: Property Taxes Insurance Depreciation Advertising 6000 per qtr. 7200 per qtr. 5600 per qtr. 3000 per qtr. Manufacturing Overhead Budget For the year ended December 31, 2022 Q1 Q2 Q3 Q4 Annual Budgeted Sales (in units) Variable SG&A Expense per unit Total Variable SG&A Expense Fixed SG&A Expenses: Property Taxes Insurance Depreciation Advertising Total Fixed SG&A Expense Total SG&A Expense Less Depreciation Cash disbursements for SG&A Expense
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