Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bakersts relevant range of activity is 5 units to 4 units. When it produces and sells 12 units, its average costs per unit are as

image text in transcribed
Bakersts relevant range of activity is 5 units to 4 units. When it produces and sells 12 units, its average costs per unit are as follows Direct materials Direct labor Variable manufacturing overhead Fred Knufacturint overhead Fixed selling expense Fixed anistrative expense Sales comissions Variable inistrative expense 5 1.95 528,000.00 5 40 5 30 $7,800.00 $ 6,000.00 $ 24.00 $3000.00 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 12 units? (Do not round intermediate calculations.) b.69.000 units are sold, what is the varioble cost per unit sold? (Round "Per unit" answer to 2 decimal places.) c. 169,000 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 $97,800.00 per unit, what is the contribution margin per unit sold? (Round "Per unit" answer to 2 decimal places.) a Total product manufacturing cost Total period (nonmanufacturing) cost Contribution margin per un Total avec manufacturing cost Bakersts relevant range of activity is 5 units to 4 units. When it produces and sells 12 units, its average costs per unit are as follows Direct materials Direct labor Variable manufacturing overhead Fred Knufacturint overhead Fixed selling expense Fixed anistrative expense Sales comissions Variable inistrative expense 5 1.95 528,000.00 5 40 5 30 $7,800.00 $ 6,000.00 $ 24.00 $3000.00 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 12 units? (Do not round intermediate calculations.) b.69.000 units are sold, what is the varioble cost per unit sold? (Round "Per unit" answer to 2 decimal places.) c. 169,000 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 $97,800.00 per unit, what is the contribution margin per unit sold? (Round "Per unit" answer to 2 decimal places.) a Total product manufacturing cost Total period (nonmanufacturing) cost Contribution margin per un Total avec 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

Step: 3

blur-text-image

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

Financial Markets And Institutions

Authors: Peter Howells, Keith Bain

5th Edition

0273709194, 9780273709190

More Books

Students also viewed these Accounting questions

Question

What activities do you enjoy when you are not working?

Answered: 1 week ago