Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed1. 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? (Round your answer to 2 decimal places.)

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 $21.80 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.)

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? (Round your answer to 2 decimal places.)

[The following information applies to the questions displayed below.] Martinez Company's 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 $5.80 Direct materials Direct i Variablo manufacturing overhead Fixed manufacturing overhead Fixed selling expense $ 3.30 $1.50 $ 3.80 $ 2.80 Fixed administrative expense $2.00 $100 Sales $ 0.50 Variable administrative expense

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

13th Edition

007232726X, 9780072327267

More Books

Students also viewed these Accounting questions

Question

Explain the difference between policy type and policy coverage.

Answered: 1 week ago

Question

a. Did you express your anger verbally? Physically?

Answered: 1 week ago