Kubin Company's relevant range of production is 16,000 to 24,500 units. When it produces and sells 20,250 units, its average costs per unit are as follows:<\/p>
<\/p>
Average Cost per Unit Direct materials$7.70 Direct labor$4.70 Variable manufacturing overhead$2.20 Fixed manufacturing overhead$5.70 Fixed selling expense$4.20 Fixed administrative expense$3.20 Sales commissions$1.70 Variable administrative expense$1.20<\/p>
<\/p>
3. For financial accounting purposes, what is the total amount of product costs incurred to make 24,500 units?<\/p>
4. For financial accounting purposes, what is the total amount of period costs incurred to sell 16,000 units?<\/p>", "transcribed_text": "", "related_book": { "title": "Income Tax Fundamentals 2013", "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516", "edition": "31st Edition", "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg", "uri": "\/textbooks\/income-tax-fundamentals-2013-31st-edition-9781285586618", "see_more_uri": "" }, "free_related_book": { "isbn": "0226249840", "uri": "\/textbooks\/a-prelude-to-the-welfare-state-the-origins-of-workers-compensation-1st-edition-978-0226249841-289272", "name": "A Prelude To The Welfare State The Origins Of Workers Compensation", "edition": "1st Edition" }, "question_posted": "2024-06-28 07:44:46", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/describe-the-major-components-of-an-audit-program-for-cash", "description": "Describe the major components of an audit program for cash receipts and cash management controls. Provide examples of each component.", "stars": 3 }, { "url": "\/study-help\/psychology\/3-show-students-connections-between-their-revised-work-and-a-1984122", "description": "3. Show students connections between their revised work and a higher grade, but emphasize their growing competence.", "stars": 3 }, { "url": "\/on-august-31-2008-chickasaw-industries-issued-25-million-of", "description": "On August 31, 2008, Chickasaw Industries issued $25 million of its 30-year, 6% convertible bonds dated August 31, priced to yield 5%. The bonds are convertible at the option of the investors into...", "stars": 3 }, { "url": "\/study-help\/questions\/16-mcgriff-dog-food-company-normally-takes-23-days-to-9873085", "description": "16 McGriff Dog Food Company normally takes 23 days to pay for average daily credit purchases of $9.350. Its average daily sales are $10.510. and it collects accounts in 27 days a. What is its net...", "stars": 3 }, { "url": "\/study-help\/questions\/evaluate-integrate-x2-sin-xdx-470091", "description": "Evaluate integrate x^2 sin xdx", "stars": 3 }, { "url": "\/study-help\/questions\/eastpoint-toyota-a-small-dealership-has-provided-you-with-the-1841818", "description": "EastPoint Toyota, a small dealership, has provided you with the following information with respect to its vehicle inventory for the month of November. The company uses the specific identification...", "stars": 3 }, { "url": "\/study-help\/questions\/the-following-information-refers-to-parts-12-it-contains-dropdown-4916365", "description": "The following information refers to parts 1-2. It contains drop-down multiple choice and numerical questions. There are two periods (0 and 1). There are three states and two securities, a bond and a...", "stars": 3 }, { "url": "\/study-help\/questions\/the-trial-balance-for-skylar-plc-as-at-31-october-1224270", "description": "The trial balance for Skylar plc as at 31 October 20X7 is shown below. '000 '000 Share capital 15,000 Trade payables 3,348 Trade receivables 10,254 Accruals at 31 October 20X7 387 5% bank loan...", "stars": 3 }, { "url": "\/study-help\/questions\/john-and-mary-hazlitt-left-the-airport-taxi-and-carried-1226996", "description": "John and Mary Hazlitt left the airport taxi and carried their bags into their high - rise apartment building. They admired the gifts they had brought back - an illustrated book for themselves; a...", "stars": 3 }, { "url": "\/study-help\/questions\/the-assessable-unit-manager-aum-meets-with-the-external-independent-1242670", "description": "The Assessable Unit Manager (AUM) meets with the external Independent Auditor (IPA) to prepare and submit the Annual Statement of Assurance (ASOA) feeder package to the Head of the Reporting...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/comment-on-the-results-of-the-trend-and-commonsize-analysis-4265658", "next": "\/study-help\/questions\/please-read-and-refer-to-the-following-paragraphs-and-use-4265660" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Kubin Company's relevant range of production is 16,000 to 24,500 units. When", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/kubin-companys-relevant-range-of-production-is-16000-to-24500-4265659" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }} }