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

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.)

Haerve Company Selling and Administrative Expense Budget
	1st    Quarter	2nd    Quarter	3rd    Quarter	4th    Quarter	Year
Variable selling and administrative expenses	$ 33,000	$ 38,500	$ 30,250	$ 27,500	$ 129,250
Fixed selling and administrative expenses:
Advertising	12,000	12,000	12,000	12,000	48,000
Executive salaries	40,000	40,000	40,000	40,000	160,000
Insurance	0	6,000	0	6,000	12,000
Property taxes	0	0	6,000	0	6,000
Depreciation	16,000	16,000	16,000	16,000	64,000
Total fixed selling and administrative expenses	68,000	74,000	74,000	74,000	290,000
Total selling and administrative expenses	n/r	n/r	n/r	n/r	n/r
Less depreciation	n/r	n/r	n/r	n/r	n/r
Cash disbursements for selling and administrative expenses	$ n/r	$ n/r	$ n/r	$ n/r	$ n/r