Home / Questions / Selling and Administrative Expense Budget The budgeted unit sales of Haerve Company for th...
Selling and Administrative Expense Budget
The budgeted unit sales of Haerve Company for the upcoming fiscal year are provided below:
|
|
1st Quarter |
2nd Quarter |
3rd Quarter |
4th Quarter |
|
Budgeted unit sales . . . . . . . . . . . |
12,000 |
14,000 |
11,000 |
10,000 |
The company’s variable selling and administrative expenses per unit are $2.75. Fixed selling and administrative expenses include advertising expenses of $12,000 per quarter, executive salaries of
$40,000 per quarter, and depreciation of $16,000 per quarter. In addition, the company will make insurance payments of $6,000 in the 2nd Quarter and $6,000 in the 4th Quarter. Finally, property taxes of $6,000 will be paid in the 3rd Quarter.
Required:
Prepare the company’s selling and administrative expense budget for the upcoming fiscal year.
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