Exercise 7-6 Selling and Administrative Expense Budget [LO7-7]

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 companys 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 $4,000 in the third quarter. Finally, property taxes of $8,600 will be paid in the second quarter.

Required:

Prepare the companys selling and administrative expense budget for the upcoming fiscal year. (Round "Variable cost" answers to 2 decimal places.)

Weller Company
Selling and Administrative Expense Budget
	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Year
Budgeted unit sales
Variable selling and administrative expense per unit
Variable selling and administrative expense
Fixed selling and administrative expenses:
Advertising					0
Depreciation					0
Property taxes					0
Insurance					0
Executive salaries					0
Total fixed selling and administrative expenses	0	0	0	0	0
Total selling and administrative expenses	0	0	0	0	0
Less: Depreciation
Cash disbursements for selling and administrative expenses					$0