Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cost Classifications ( Statlc ) [ The following information applles to the questlons displayed below. ] Kubin Company's relevant range of production is 1 8

Cost Classifications (Statlc)
[The following information applles to the questlons displayed below.]
Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows:Direct laborVariable manufacturing overheadFixed manufacturing overheadFixed administrative expenseVariable administrative expenseper Unit$7.00$4.00$1.50$3.50$1.00Exercise 1-9(Static) Fixed, Variable, and Mixed Costs [LO1-4]
Required:
If 18,000 units are produced and sold, what is the variable cost per unit produced and sold?
If 22,000 units are produced and sold, what is the variable cost per unit produced and sold?
If 18,000 units are produced and sold, what is the total varlable cost related to the units produced and sold?
If 22,000 units are produced and sold, what is the total variable cost related to the units produced and sold?
If 18,000 units are produced, what is the average fixed manufacturing cost per unit produced?
If 22,000 units are produced, what is the average fixed manufacturing cost per unit produced?
If 18,000 units are produced, what is the total fixed manufacturing overhead incurred to support this level of production?
If 22,000 units are produced, what is the total fixed manufacturing overhead incurred to support this level of production?
Note: Round per unit values to 2 decimal places.
\table[[,18,000 Units,22,000 Units],[1. and 2. Variable cost per unit produced and sold,,],[3. and 4. Total variable cost related to units produced and sold,,],[5. and 6. Average fixed manufacturing cost per unit produced,,],[7. and 8. Total fixed manufacturing overhead,,]]
image text in transcribed

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions