Question
1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? TOTAL PRODUCT COST=___________ 2. For financial accounting
1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units?
TOTAL PRODUCT COST=___________
2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units?
TOTAL PERIOD COST=___________
3. If 8,000 units are sold, what is the variable cost per unit sold?
VARIABLE COST PER UNIT SOLD=_____________
4. If 8,000 units are sold, what is the total amount of variable costs related to the units sold?
TOTAL VARIABLE COST=______________
5. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?
TOTAL MANUFACTURING OVERHEAD COST=____________
6. If 12,500 units are produced, what is this total amount of manufacturing overhead cost expressed on a per unit basis?
MANUFACTURING OVERHEAD PER UNIT=______________
7. What total incremental cost will Martinez incur if it increases production from 10,000 to 10,001 units?
INCREMENTAL COST PER UNIT PRODUCED=________________
When it produces 10,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50Step by Step Solution
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