Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Direct materials Direct labor Fixed manufacturing overhead Cost per Unit $ 7.20 $ 4.20 Variable manufacturing overhead $ 1.70 $ 5.20 Fixed selling expense

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Direct materials Direct labor Fixed manufacturing overhead Cost per Unit $ 7.20 $ 4.20 Variable manufacturing overhead $ 1.70 $ 5.20 Fixed selling expense $ 3.70 Fixed administrative expense $ 2.70 Sales commissions $ 1.20 Variable administrative expense $ 0.70 Exercise 1-9 (Algo) Fixed, Variable, and Mixed Costs [LO1-4] Required: 1. If 11,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 14,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 11,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 14,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 11,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 14,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 11,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 14,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? (Round per unit values to 2 decimal places.) Answer is complete but not entirely correct. 1. & 2. Variable cost per unit produced and sold 3. & 4. Total amount of variable cost related to units produced and sold 5.& 6. Average fixed manufacturing cost per unit produced 7.& 8. Total amount of fixed manufacturing overhead 11,000 Units 14,000 Units $ 15.00 $165,000 $ 15.00 $210,000 ( $ 4.77 $ 3.75 X $ 52,500 $ 52,500

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: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

Volume 1, 2nd canadian Edition

176509739, 978-0176509736, 978-0176509743

More Books

Students also viewed these Accounting questions