Question: please answer questions for d and e. thank you! Name Module 10 Checkpoint Space Company has developed the following standards relating to the production of

please answer questions for d and e. thank you!
please answer questions for d and e. thank you! Name Module 10
Checkpoint Space Company has developed the following standards relating to the production

Name Module 10 Checkpoint Space Company has developed the following standards relating to the production of their finished units: Direct Materials, 5 pounds per unit @ $8.00 per pound Direct Labor, 7 hours per unit @ $16 per labor hour Variable Overhead, 4 machine hours per unit @ $9 per machine hour Fixed overhead costs are estimated at $508,200 each quarter. The expected selling price is $400 per unit. Selling and administrative costs are expected to be S8 per unit variable and $620,000 fixed each quarter. The following sales forecast is available for the year 2021: First Quarter 9,000 units; Second Quarter 11,000 units; Third Quarter 13,000 units; and Fourth Quarter 12,000 units. The expected sales in the First Quarter of 2022 are 12,000 units. Management policy is to maintain a finished goods inventory equal to 40% of the next quarter's sales and a raw materials inventory equal to 30% of the next quarter's production requirements. The beginning inventories of the first quarter of the year 2021 are expected to meet these same requirements. AAN D. Compute the following arounts for the FIRST quarter of the year 2021 only: 1. What is the budgeted direct labor cost? 2. What is the budgeted variable overhead cost? 3. What is the budgeted fixed overhead cost? 4. What dollar amount of fixed overhead cost will be applied to production? 5. What is the budgeted amount of sales dollars? 6. What is budgeted cost of goods sold? 7. What is the budgeted selling & administrative cost? 8. What is budgeted net income? 9. What is the expected balance at the end of the quarter of raw materials (in dollars)? 10. What is the expected balance at the end of the quarter of finished goods (in dollars)? E. What amount of fixed overhead cost will be applied to production for the year

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