Question

1.
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below. 1st Quarter 34,800 2nd Quarter 36,00 3rd Quarter 27, cee 4th Quarter 3 2,888 Budgeted unit sales The company's variable selling and administrative expense per unit is $3.30. Fixed selling and administrative expenses Include advertising expenses of $11,000 per quarter, executive salaries of $53,000 per quarter, and depreciation of $33,000 per quarter. In addition, the company will make Insurance payments of $4,000 in the first quarter and $4,000 in the third quarter. Finally, property taxes of $7,200 will be paid in the second quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.) Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expenses: Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses
2.

Answer 1

Weller Company
Selling and Administrative Expense Budget
	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Year
Budgeted unit sales	34000	36000	27000	32000	129000
Variable selling and administrative Expense per unit	3.30	3.30	3.30	3.30	3.30
Variable selling and administrative Expense	112200	118800	89100	105600	425700
Fixed selling and administrative Expenses:
Advertising	11000	11000	11000	11000	44000
Executive Salaries	53000	53000	53000	53000	212000
Insurance	4000		4000		8000
Property taxes		7200			7200
Depreciation	33000	33000	33000	33000	132000
Total Fixed selling and administrative Expense	101000	104200	101000	97000	403200
Total selling and administrative expenses	213200	223000	190100	202600	828900
Less depreciation	33000	33000	33000	33000	132000
Cash disbursements for selling and administrative expenses	180200	190000	157100	169600	696900

Question-2

1
	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Year
Budgeted direct labor hours	9400	8900	9200	10000	37500
Variable manufacturing overhead rate	3.75	3.75	3.75	3.75	3.75
Variable manufacturing overhead	35250	33375	34500	37500	140625
Fixed manufacturing overhead	62000	62000	62000	62000	248000
Total manufacturing overhead	97250	95375	96500	99500	388625
Less depreciation	15500	15500	15500	15500	62000
Cash disbursements for manufacturing overhead	81750	79875	81000	84000	326625
2
Total budgeted manufacturing overhead for the year	388625
Budgeted direct labor-hours for the year	37500
Predetermined overhead rate for the year	10.36