[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?
2. For financial accounting purposes, what is the total amountof period costs incurred to sell 10,000 units?
3. If 8,000 units are sold, what is the variable cost per unitsold? (Round your answer to 2 decimal places.)
4. If 8,000 units are sold, what is thetotal amount of variable costs related to the units sold?
5.If 12,500 units are produced, what is the total amount ofmanufacturing overhead cost incurred to support this level ofproduction?
6. If 12,500 units are produced, what is this total amount ofmanufacturing overhead cost expressed on a per unit basis?(Round your answer to 2 decimal places.)
7. What total incremental cost will Martinez incur if itincreases production from 10,000 to 10,001 units?
Please i do not want the answer show please how did you get theanswer. Thank you
[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 |