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Exercise 8-6 (Static) Selling and Administrative Expense Budget [LOB-7] Weller Company's budgeted unit sales for next year are provided below: 151: Quarter 2nd Quarter 3rd
Exercise 8-6 (Static) Selling and Administrative Expense Budget [LOB-7] Weller Company's budgeted unit sales for next year are provided below: 151: 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 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 next year. Note: Round "Per Unit" answers to 2 decimal places. Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expenses: Total xed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses
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