Question 23 (6 points) Saved Dreamworks Ltd. produces dream spheres. Projected sales and production for...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Question 23 (6 points) Saved Dreamworks Ltd. produces dream spheres. Projected sales and production for 2021 are as follows: Quarter 1 (Jan - Mar) 30,000 2021 2 3 (Apr - Jun) (Jul - Sep) 33,000 38,000 4 (Oct-Dec) Expected Sales (units) 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 fourth quarter? (Use the space below to show your work) 3 marks b) What are the total Selling, General and Administrative expense for the fourth quarter? (Use the space below to show your work) 3 marks Paragraph B I Uv A II On + Part a) Add a File Record Audio Record Video Question 24 (7 points) Saved Bob's Bowling Ltd. produces bowling balls in a variety of designer colours. 2021 Master budget data is as follows
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
