Kubin Company's relevant range of production is 11,000 to 14,000 units. When it produces and sells...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Kubin Company's relevant range of production is 11,000 to 14,000 units. When it produces and sells 12,500 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.20 Direct labor $ 4.20 Variable manufacturing overhead $ 1.70 Fixed manufacturing overhead $ 5.20 Fixed selling expense $ 3.70 Fixed administrative expense $ 2.70 Sales commissions $ 1.20 Variable administrative expense $ 0.70 Required: 1. For financial accounting purposes, what is the total product cost incurred to make 12,500 units? 2. For financial accounting purposes, what is the total period cost incurred to sell 12,500 units? 3. For financial accounting purposes, what is the total product cost incurred to make 14,000 units? 4. For financial accounting purposes, what is the total period cost incurred to sell 11,000 units? Note: For all requirements, do not round intermediate calculations. 1. Total product cost $ 228,750 2. Total period cost $ 103,750 3. Total product cost 4. Total period cost Kubin Company's relevant range of production is 11,000 to 14,000 units. When it produces and sells 12,500 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.20 Direct labor $ 4.20 Variable manufacturing overhead $ 1.70 Fixed manufacturing overhead $ 5.20 Fixed selling expense $ 3.70 Fixed administrative expense $ 2.70 Sales commissions $ 1.20 Variable administrative expense $ 0.70 Required: 1. For financial accounting purposes, what is the total product cost incurred to make 12,500 units? 2. For financial accounting purposes, what is the total period cost incurred to sell 12,500 units? 3. For financial accounting purposes, what is the total product cost incurred to make 14,000 units? 4. For financial accounting purposes, what is the total period cost incurred to sell 11,000 units? Note: For all requirements, do not round intermediate calculations. 1. Total product cost $ 228,750 2. Total period cost $ 103,750 3. Total product cost 4. Total period cost
Expert Answer:
Answer rating: 100% (QA)
Answers to Kubin Companys Cost Calculations 1 Total Product Cost for 12500 units Direct materials 72... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
Students also viewed these accounting questions
-
What information must a notice of privacy policy contain? 2. Be able to identify situations in which each of the following PHI disclosure rules apply: 1. No Authorization Required, 2. No...
-
paul, in partnership with abbot homes, inc., began developing Crosswoods subdivision. savid, a licensed engineer, was retained to do the engineerina and contracting work for the subdivision. there...
-
On January 1, 2024, the Marjlee Company began construction of an office building to be used as its corpora building was completed early in 2025. Construction expenditures for 2024, which were...
-
Provide a detailed description of the JDBC three-tier model and its function.
-
Can you find a formula or rule for the nth term of a sequence related to the prime numbers or prime factorizations so that the initial terms of the sequence have these values? a) 0, 1, 1, 0, 1, 0, 1,...
-
Determine the magnitude of the hydrostatic force acting per meter width of the wall. Water has a density of p = 1 Mg/m. Prob. F9-17 6 m
-
Which of the following inventory control methods is most likely to be used for a product like lumber (1 x 2s, 2 x 4s, etc.) a. JIT c. MRP b. EOQ d. ABC
-
Cindy Jefferson, hospital administrator at Anderson Hospital must appoint head nurses to four newly established departments: urology, cardiology, orthopedics, and pediatrics. Believing in the...
-
1 ) How much should Donwill bid for the Textile Corporation Building and why? 2 ) How has Donwill planned to increase the cash flow from operations for this property? What do you think of his...
-
As an accounting graduate, your students ask about the benefits of a company having an audit committee and the ways in which this committee contributes to better company governance. In your answer...
-
Distinguish among the following three terms: frequency distribution, frequency histogram, and continuous population distribution curve.
-
There are two types of control procedures those that leave an audit trail and those that do not. Which of these two types can be tested for compliance by using attributes sampling ? How is the other...
-
Distinguish between the terms errors and irregularities as used in the professional literature. What is the difference in the auditors responsibility for the discovery of errors as compared to...
-
Compare and differentiate what is being measured in variables sampling and attributes sampling. Under what circumstances would variables sampling be a more appropriate statistical method than...
-
The following apply to statistical sampling. Choose the most appropriate response. a. Which of the following best describes the distinguishing feature of statistical sampling ? i. It requires the...
-
Jim Fortunate received a large insurance settlement of $ 200,000. When Jim retires in 25 years, he would like to have at least $80,000 yearly income for 10 years. A local bank pays 6% interest...
-
Represent each of the following combination of units in the correct SI form using an appropriate prefix: (a) m/ms, (b) k m, (c) k s /mg, and (d) k m N.
-
Olongapo Sports Corporation distributes two premium golf ballsthe Flight Dynamic and the Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Fixed expenses total...
-
What is a flexible budget and how does it differ from a static planning budget?
-
Refer to the data for the Blending Department of Sunspots Beverages, Ltd., in Problem 4-15. Assume that the company uses the FIFO method in its process costing system. Data in problem 4-15, Required:...
-
A new clerk has been hired at the company for which you work. You have been asked to explain the flow of materials from ordering through issuing to the factory. Required: Prepare a chart and a brief...
-
The following information is taken from the records of Cozart Company on July 31 of the current year. The accounts and balances needed to complete this problem are provided in the Working Papers. a....
-
Kingston Corp., a manufacturing company, uses the perpetual inventory method for all inventory accounts. Direct materials, direct labor, and applied overhead are recorded on cost sheets similar to...
Study smarter with the SolutionInn App