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 fourth quarter? (Use the space below to show your work) 1 b) What are the total Selling, General and Administrative expense for the fourth quarter? (Use the space below to show your work)

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 fourth quarter? (Use the space below to show your work) 1 b) What are the total Selling, General and Administrative expense for the fourth quarter? (Use the space below to show your work)

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Description: Question 23v SavedDreamworks Ltd. produces dream spheres. Projected sales and production for 2021are as follows:2021124Quarter(Jan - Mar)(Apr - Jun)(Jul - Sep)(Oct - Dec)Expected Sales (units)30,00033,00038,00035,000Unit Selling Price$75$75$75$75Exp

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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