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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

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.

Jun 28 2020 View more View Less

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