Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kubin Company's relevant range of production is 10,00 to 120,00 units. When it produces and sells 11,000 units, its average costs per unit are as

Kubin Company's relevant range of production is 10,00 to 120,00 units. When it produces and sells 11,000 units, its average costs per unit are as follows:

image text in transcribed

Kubin Company's relevant range of production is 10,000 to 12,000 units. When it produces and sells 11,000 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 Amount per Unit $ 7.10 $ 4.10 $ 1.60 $ 5.10 $ 3.60 $ 2.60 $ 1.10 $ 0.60 Required: 1. If 10,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 10,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 10,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 12,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 10,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 12,000 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.) 1. Variable cost per unit 2. Variable cost per unit 3. Total amount of variable cost 4. Total amount of variable cost 5. Average fixed manufacturing cost per unit 6. Average fixed manufacturing cost per unit 7. Total amount of fixed manufacturing overhead 8. Total amount of fixed manufacturing overhead

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

Financial Accounting Objective Questions And Explanations

Authors: Irvin N. Gleim

6th Edition

0917537718, 978-0917537714

More Books

Students also viewed these Accounting questions

Question

What is Ohm's law and also tell about Snell's law?

Answered: 1 week ago