Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bakers's relevant range of activity is 6 units to 4 units. When it produces and sells 11 units, its average costs per unit are as

image text in transcribed

Bakers's relevant range of activity is 6 units to 4 units. When it produces and sells 11 units, its average costs per unit are as follows: 4 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales Commissions Variable administrative expense Average cost per Unit $ 1.50 $22.see.00 .50 .40 $ 7,500.00 $ 5.000.00 $ 23.10 $ 6000.00 00:38. 40 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 11 units? (Do not round intermediate calculations.) b. If 55,000 units are sold, what is the variable cost per unit sold? (Round "Per unit" answer to 2 decimal places.) c. If55.000 units are sold, what is the total amount of variable costs related to the units sold? (Do not round intermediate calculations. Round "Per unit" answer to 2 decimal places.) d. If the selling price is $77.500.00 per unit, what is the contribution margin per unit sold? (Round "Per unit" answer to 2 decimal places.) a Total product (manufacturing) cost b. Total perod (nonmanufacturing) cost Contribution margin per unit Total direct manufacturing cost

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

Accounting

Authors: Michael J. Jones

3rd Edition

1119977185, 9781119977186

More Books

Students also viewed these Accounting questions

Question

highlight how to collect and record interview and diary based data;

Answered: 1 week ago

Question

clarify the relationship between research, theory and practice;

Answered: 1 week ago

Question

evaluate the quality of your data;

Answered: 1 week ago