Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 1-9 (Algo) Fixed, Variable, and Mixed Costs [LO1-4) Required: 1. If 24.000 units are produced and sold, what is the variable cost per unit

image text in transcribed
image text in transcribed
image text in transcribed
Exercise 1-9 (Algo) Fixed, Variable, and Mixed Costs [LO1-4) Required: 1. If 24.000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 31,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 24.000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 31,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 24.000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 31,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 24,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 31,000 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.) 24,000 Units 31,000 Units 1. & 2. Variable cost per unit produced and sold 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 3. & 4. [The following information applies to the questions displayed below.) Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces and sells 27,500 units, its average costs per unit are as follows: 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 $8.40 $5.40 $2.90 $6.40 $4.90 $3.99 $2.40 $1.90 Exercise 1-10 (Algo) Differential Costs and Sunk Costs (L01-5) Required: 1. What is the incremental manufacturing cost incurred if the company increases production from 27,500 to 27,501 units? 2. What is the incremental cost incurred if the company increases production and sales from 27,500 to 27,501 units? 3. Assume that Kubin Company produced 27,500 units and expects to sell 27160 of them. If a new customer unexpectedly emerges CD Required information Cost Classifications (Algo) [The following information applies to the questions displayed below.) Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces and sells 27,500 units, its average costs per unit are as follows: 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 $8.40 $5.40 $2.90 $6.40 $4.90 $3.90 $2.4e $1.90 Fxercice 1.9 TAlan Flvarl Variable and Malund Carter4 A

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

Swanson On Internal Auditing Raising The Bar

Authors: IT Governance Publishing

1st Edition

1849280673, 978-1849280679

More Books

Students also viewed these Accounting questions

Question

Discuss the factors involved in the selection of market securities.

Answered: 1 week ago