The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): Budgeted unit sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 12,400 13,400 15,400 14,400 The selling price of the company's product is $23 per unit. The company expects to start the first quarter with 2,480 units in finished goods inventory. Management desires an end- ing finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending fin- ished goods inventory for the fourth quarter is 2,680 units. The company's variable selling and administrative expense per unit is $2.70. Fixed selling and administrative ex- penses include advertising expenses of $13,000 per quarter, executive salaries of $47,000 per quarter, and depreci- ation of $27,000 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 $6,800 will be paid in the second quarter. Required: 1. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. 12:400 + 17400 A 2. Prepare the company's selling and administrative expense budget for each quarter in the upcoming fiscal year and the upcoming fiscal year as a whole. What are the cash disbursements for selling and administrative expenses for each quarter in the upcoming fiscal year and the upcoming fiscal year as a whole?