Martinez Companyâs relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its unit costs 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
Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units?
2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units?
3. If 8,000 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.)
4. If 12,500 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.)
5. If 8,000 units are sold, what is the total amount of variable costs related to the units sold?
6. If 12,500 units are sold, what is the total amount of variable costs related to the units sold?
7. If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced?
8. If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.)
9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?
10. If 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?
11-a. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?
11-b. If 8,000 units are produced, What is this total amount of manufacturing overhead cost expressed on a per unit basis? (Round your answer to 2 decimal places.)
12-a. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?
12-b. If 12,500 units are produced, what is this total amount of manufacturing overhead cost expressed on a per unit basis? (Round your answer to 2 decimal places.)
13. If the selling price is $22 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.)
Required:
14-a. If 11,000 units are produced, what are the total amounts of direct manufacturing costs incurred to support this level of production?
14-b. If 11,000 units are produced, what are the total amounts of indirect manufacturing costs incurred to support this level of production?
15. What total incremental cost will Martinez incur if it increases production from 10,000 to 10,001 units?
| Martinez Companyâs relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its unit costs 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 | |
| Required: | |
| 1. | For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? |
| 2. | For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? |
| 3. | If 8,000 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.) |
| 4. | If 12,500 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.) |
| 5. | If 8,000 units are sold, what is the total amount of variable costs related to the units sold? |
| 6. | If 12,500 units are sold, what is the total amount of variable costs related to the units sold? |
| 7. | If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced? |
| 8. | If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.) |
| 9. | If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? |
| 10. | If 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? |
| 11-a. | If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? |
| 11-b. | If 8,000 units are produced, What is this total amount of manufacturing overhead cost expressed on a per unit basis? (Round your answer to 2 decimal places.) |
| 12-a. | If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? |
| 12-b. | If 12,500 units are produced, what is this total amount of manufacturing overhead cost expressed on a per unit basis? (Round your answer to 2 decimal places.) |
| 13. | If the selling price is $22 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.) |
| Required: |
| 14-a. | If 11,000 units are produced, what are the total amounts of direct manufacturing costs incurred to support this level of production? |
| 14-b. | If 11,000 units are produced, what are the total amounts of indirect manufacturing costs incurred to support this level of production? |
| 15. | What total incremental cost will Martinez incur if it increases production from 10,000 to 10,001 units? |
Related questions
| [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 |
TB Problem Qu. 1-288 Balerio Corporation's relevant ...
Balerio Corporation's relevant range of activity is 8,000 unitsto 11,000 units. When it produces and sells 10,000 units, itsaverage costs per unit are as follows:
| Average Costper Unit | ||
| Direct materials | $ | 6.40 |
| Direct labor | $ | 3.20 |
| Variable manufacturing overhead | $ | 1.50 |
| Fixed manufacturing overhead | $ | 14.40 |
| Fixed selling expense | $ | 2.80 |
| Fixed administrative expense | $ | 2.00 |
| Sales commissions | $ | 0.80 |
| Variable administrative expense | $ | 0.70 |
Required:
a. For financial reporting purposes, what is the total amount ofproduct costs incurred to make 10,000 units? (Do not roundintermediate calculations.)
b. If 9,000 units are sold, what is the variable cost per unitsold? (Round "Per unit" answer to 2 decimalplaces.)
c. If 9,000 units are sold, what is the total amount of variablecosts related to the units sold? (Do not round intermediatecalculations.)
d. If the selling price is $19.20 per unit, what is thecontribution margin per unit sold? (Round "Per unit" answerto 2 decimal places.)
e. What incremental manufacturing cost will the company incur ifit increases production from 10,000 to 10,001 units? (Round"Per unit" answer to 2 decimal places.)
