Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help from 9 -15. Thank you. The Foundational 15 (L01-1, LO1-2, LO1-3, LO1-4, L01-5, L01-6] (The following information applies to the questions displayed

I need help from 9 -15. Thank you. image text in transcribedimage text in transcribedimage text in transcribed

The Foundational 15 (L01-1, LO1-2, LO1-3, LO1-4, L01-5, L01-6] (The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12.500 units. When it produces and sells 10.100 units, its average costs per unit are as follows: Average Cost per Unit 6.00 3.50 $ 1.50 4.00 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense 3.00 2.00 1.00 0.50 9. 1 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? Total fixed manufacturing cost 10. If 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? Total fixed manufacturing cost 11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places and other answers to the nearest whole dollar amount.) Total manufacturing overhead cost Manufacturing overhead per unit 12. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places and other answers to the nearest whole dollar amount.) Total manufacturing overhead cost Manufacturing overhead per unit 12. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level production? What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places and other answers to the nearest whole dollar amount.) Total manufacturing overhead cost Manufacturing overhead per unit 13. If the selling price is $22.60 per unit, what is the contribution margin per unit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Contribution margin per unit 14. If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production? (Do not round Intermediate calculations.) Total direct manufacturing cost Total indirect manufacturing cost 15 What Incremental manufacturing cost will Martinez Incur if it increases production from 10,000 to 10,001 units? (Round your answer to 2 decimal places.) paremental cost per unit produced

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

Health Auditing As A Tool For Quality Care Case Studies

Authors: Camila Freire

1st Edition

6206344169, 978-6206344162

More Books

Students also viewed these Accounting questions

Question

Identify the cause of a performance problem. page 363

Answered: 1 week ago