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.)
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.)
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 | $ | 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.) | |||
| [The following information applies to the questionsdisplayed below.] |
Martinez Companyâs relevant range of production is 7,500 unitsto 12,500 units. When it produces and sells 10,000 units, its unitcosts are as follows: |
| Amount Per Unit | |||
| Direct materials | $ | 6.00 | |
| Direct labor | $ | 3.50 | |
| Variable manufacturing overhead | $ | 1.50 | |
| Fixed manufacturing overhead | $ | 4.00 | |
| Fixed selling expense | $ | 3.00 | |
| Fixed administrative expense | $ | 2.00 | |
| Sales commissions | $ | 1.00 | |
| Variable administrative expense | $ | 0.50 | |
| 1. For financial accounting purposes, what is the total amountof product costs incurred to make 10,000 units?
Please i do not want the answer show please how did you get theanswer. Thank you |
