The budgeted unit sales of Hearve Company for the upcoming fiscal year are provided below:
1st QTR 2nd QTR 3rd QTR 4th QTR
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.
Prepare the company's selling and administrative expense budget for the upcoming fiscal year.© BrainMass Inc. brainmass.com June 3, 2020, 10:06 pm ad1c9bdddf
Provides steps necessary to prepare the company's selling and administrative expense budget.