Foundational Exercises $[$LO$1,$ LO$2,$ LO$5,$ LO$6,$ LO$7]$

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Martinez Company$$s relevant range of production is $7,500$ units to $12,500$ units. When it produces and sells $10,000$ units, its unit costs are as follows:

Amount Per Unit

Direct materials $ $6\mathrm{.}00$

Direct labour $ $3\mathrm{.}50$

Variable manufacturing overhead $ $1\mathrm{.}50$

Fixed manufacturing overhead $ $4\mathrm{.}00$

Fixed selling expense $ $3\mathrm{.}00$

Fixed administrative expense $ $2\mathrm{.}00$

Sales commissions $ $1\mathrm{.}00$

Variable administrative expense $ $0\mathrm{.}50$

Foundational $2-1$

Required:

$1.$ For financial accounting purposes, what is the total amount of product costs incurred to make $10,000$ units?

PrevQuestion $1$ linked to $23$ up to $14$ of $14$ Total$1$