Martinez Companyâs relevant range of production is 7,500 unitsto 12,500 units. When it produces and sells 10,000 units, itsaverage costs per unit are as follows:
Average Cost Per Unit Directmaterials $ 5.20 Direct labor $ 2.70 Variable manufacturingoverhead $ 1.50 Fixed manufacturingoverhead $ 4.00 Fixed selling expense $ 2.20 Fixed administrativeexpense $ 2.00 Sales commissions $ 1.00 Variable administrativeexpense $ 0.50
1. For financial accounting purposes, what is the total amount ofproduct costs incurred to make 10,000 units? (Do not roundintermediate calculations.)
Martinez Companyâs relevant range of production is 7,500 unitsto 12,500 units. When it produces and sells 10,000 units, itsaverage costs per unit are as follows:
| Average Cost Per Unit | |||
| Directmaterials | $ | 5.20 | |
| Direct labor | $ | 2.70 | |
| Variable manufacturingoverhead | $ | 1.50 | |
| Fixed manufacturingoverhead | $ | 4.00 | |
| Fixed selling expense | $ | 2.20 | |
| Fixed administrativeexpense | $ | 2.00 | |
| Sales commissions | $ | 1.00 | |
| Variable administrativeexpense | $ | 0.50 | |
| 1. For financial accounting purposes, what is the total amount ofproduct costs incurred to make 10,000 units? (Do not roundintermediate calculations.) | |||
Related questions
Martinez Companyâs relevant range of production is 7,500 unitsto 12,500 units. When it produces and sells 10,000 units, itsaverage costs per unit are as follows:
| Average Cost Per Unit | |||
| Directmaterials | $ | 6.40 | |
| Direct labor | $ | 3.90 | |
| Variable manufacturingoverhead | $ | 1.40 | |
| Fixed manufacturingoverhead | $ | 4.00 | |
| Fixed selling expense | $ | 3.40 | |
| Fixed administrativeexpense | $ | 2.10 | |
| Sales commissions | $ | 1.10 | |
| Variable administrativeexpense | $ | 0.55 | |
For financial accounting purposes, what is the total amount ofproduct costs incurred to make 10,000 units?
Martinez Companyâs relevant range of production is 7,500 unitsto 12,500 units. When it produces and sells 10,000 units, itsaverage costs per unit are as follows:
| Average Cost Per Unit | |||
| Directmaterials | $ | 6.20 | |
| Direct labor | $ | 3.70 | |
| Variable manufacturingoverhead | $ | 1.60 | |
| Fixed manufacturingoverhead | $ | 4.00 | |
| Fixed selling expense | $ | 3.20 | |
| Fixed administrativeexpense | $ | 2.20 | |
| Sales commissions | $ | 1.20 | |
| Variable administrativeexpense | $ | 0.45 | |
13. If the selling price is $22.20 per unit, what is thecontribution margin per unit? (Do not round intermediatecalculations. Round your answer to 2 decimal places.)
Kubin Companyâs relevant range of production is 15,000 to 19,000units. When it produces and sells 17,000 units, its average costsper unit are as follows:
| Average Cost per Unit | ||
| Direct materials | $ | 7.60 |
| Direct labor | $ | 4.60 |
| Variable manufacturingoverhead | $ | 2.10 |
| Fixed manufacturingoverhead | $ | 5.60 |
| Fixed selling expense | $ | 4.10 |
| Fixed administrativeexpense | $ | 3.10 |
| Sales commissions | $ | 1.60 |
| Variable administrativeexpense | $ | 1.10 |
Required:
1. For financial accounting purposes, what is the total amountof product costs incurred to make 17,000 units?
2. For financial accounting purposes, what is the total amountof period costs incurred to sell 17,000 units?
3. For financial accounting purposes, what is the total amountof product costs incurred to make 19,000 units?
4. For financial accounting purposes, what is the total amountof period costs incurred to sell 15,000 units?
(For all requirements, do not round intermediatecalculations.)
