The budgeted unit sales of Haerve Company for the upcoming fiscal year are provided below: - 17431

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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. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

 

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Ch8 Q6.docx
Ch8 Q6.docx