Answered step by step
Verified Expert Solution
Question
1 Approved Answer
its very urgent Dreamworks Ltd. produces dream spheres. Projected sales and production for 2021 are as follows: 2021 1 2 3 4 Quarter (Jan-Mar) (Apr
its very urgent
Dreamworks Ltd. produces dream spheres. Projected sales and production for 2021 are as follows: 2021 1 2 3 4 Quarter (Jan-Mar) (Apr - Jun) (Jul - Sep) (Oct - Dec) Expected Sales (units) 30,000 33,000 38,000 35,000 Unit Selling Price $75 $75 $75 $75 Expected Production (units) 30,300 33,500 37,700 35,100 Manufacturing overhead consists of variable costs of $9 per unit produced and annual fixed costs of $2,000,000. Selling and administrative expenses consist of sales commissions of 15% of sales and fixed costs of $248,000 per quarter. Required: a) What is the total manufacturing overhead for the first quarter? (Use the space below to show your work) 3 marks b) What are the total Selling, General and Administrative expense for the first quarter? (Use the space below to show your work) 3 marks Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started