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Kubin Company's relevant range of production is 15,000 to 19,000 units. When it produces and sells 17,000 units, its average costs per unit are
Kubin Company's relevant range of production is 15,000 to 19,000 units. When it produces and sells 17,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Average Cost per Unit $ 7.60 $ 4.60 $2.10 $ 5.60 $ 4.10 Fixed administrative expense: Sales commissions $ 3.10 $ 1.60 Variable administrative expense $ 1.10 Exercise 1-8 (Algo) Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 17,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 17,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 19,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 15,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product costs 2. Total amount of period costs incurred 3. Total amount of product costs 4. Total amount of period costs
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