The budgeted unit sales of Weller Company for the upcoming fiscal year are as follows:

	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Budgeted unit Sales	15, 000	20,000	14,000	10,000

The companys variable selling and administrative expense per unit is $2.00. Fixed selling and administrative expenses include advertising expenses of $6,000 per quarter, executive salaries of $40,000 per quarter, and depreciation of $20,000 per quarter. In addition, the company makes insurance payments of $5,000 in the first quarter and $5,000 in the third quarter. Finally, property taxes of $10,000 are paid in the second quarter.

Required:

Prepare the companys selling and administrative expense budget for the FIRST TWO QUARTERS only. Be sure to clearly label and fill in all your budget using this template as a guide for your worksheet. You can create your worksheet in the space below or in another program and copy it into the space below. (12 Marks)

	First Quarter	Second Quarter
Variable Selling & Admin Expense
Fixed Selling & Admin Expenses:
Total Fixed Expenses
Total Selling & Admin Expenses

Subject : Accounting