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Exercise 1-8 Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Kubin Company's relevant range of production is 19,000 to 20,000 units. When
Exercise 1-8 Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Kubin Company's relevant range of production is 19,000 to 20,000 units. When it produces and sells 19,500 units, its average costs per unit are as follows: points Skipped Average Cost per Unit $ 7.90 $ 4.90 $ 2.40 $ 5.90 $ 4.40 $ 3.40 $ 1.90 $ 1.40 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense eBook Print References Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 19,500 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 19.500 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 19,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product costs Total amount of period costs incurred Total amount of product costs Total amount of period costs
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