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EXERCISE 8–6 Selling and Administrative Expense Budget [LO7] The budgeted unit sales of Haerve… 1 answer below » EXERCISE 8–6 Selling and Administrative Expense Budget [LO7] 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 View complete question » EXERCISE 8–6 Selling and Administrative Expense Budget [LO7] 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. View less » Dec 07 2015 05:55 PM
