Kubin Company's relevant range of production is 20,000 to 23,000 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 20,000 to 23,000 units. When it produces and sells 21,500 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 8.00 Direct labor $ 5.00 Variable manufacturing overhead $ 2.50 Fixed manufacturing overhead $ 6.00 Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $ 4.50 $ 3.50 $ 2.00 $ 1.50 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 21,500 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 21,500 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 23,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? (For all requirements, do not round intermediate calculations.) Kubin Company's relevant range of production is 20,000 to 23,000 units. When it produces and sells 21,500 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 8.00 Direct labor $ 5.00 Variable manufacturing overhead $ 2.50 Fixed manufacturing overhead $ 6.00 Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $ 4.50 $ 3.50 $ 2.00 $ 1.50 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 21,500 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 21,500 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 23,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? (For all requirements, do not round intermediate calculations.)
Expert 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
-
Figure 9.22 shows a Cayley digraph for the alternating group A 4 using the generating set S = {(1, 2, 3), (1, 2)(3, 4)}. Continue labeling the other nine vertices with the elements of A 4 , expressed...
-
In Exercises (a) Find the area of the region bounded by the ellipse (b) The volume and surface area of the solid generated by revolving the region about its major axis (prolate spheroid) (c) The...
-
Ball 1 is thrown straight up in the air and, at the same instant, ball 2 is released from rest and allowed to fall. Which velocity graph in Figure Q2.22 best represents the motion of the two balls?...
-
List kinds of access we might want to limit on a multi user system.
-
Assume the Carson Coffee Roasters Corp. ended the month of August 2017 with these data: The owner of Carson Coffee Roasters Corp. seeks your advice as to whether he should cease operations or...
-
During the fifty years that Mr. Jones worked, he contributed $90,000 to Social Security. Now that he is retired, he stands to collect $200,000 from the system. Obviously he will collect a much...
-
An investor purchased 100 shares of Mallard common stock at \(\$ 20\) per share on March 15, 2020. On December 31, 2020, the stock was quoted at \(\$ 19\) per share and declared and paid a dividend...
-
Kerston Cameras, Inc., manufactures two models of cameras. Model ZM has a zoom lens; Model DS has a fixed lens. Kerston uses an activity-based costing system. The following are the relevant cost data...
-
Begin by preparing a vertical analysis of Sulton's assets for 2024, then prepare a vertical analysis for 2023. (Round the percent of total amounts to one decimal place, X.X%.) Sulton Optical Company...
-
Critique and Limitations: Discuss the strengths and limitations of contingency theory in the context of modern business environments. Highlight instances where applying contingency theory might be...
-
In Problems 10-11, use Newton's method to find a root, accurate to 2 decimal places, of the given functions using the given starting points. 10. f(x)=x-7 and xo 2 o 0.7 11. f(x)=x-cos(x) and x0
-
On Coconut Island, the central bank is concerned about the current level of inflation and decides to perform a contractionary monetary policy. Assume the desired reserve ratio is 33 percent. The goal...
-
Chance Fisher was hired a little over a year ago for an accounting analyst position at Wedgewood Credit Union. Wedgewood has more than 30 branches located throughout northern Indiana. When Chance was...
-
1. Criticize or indicate the problems that GDP has as indicators of a country's well-being. 2. Identify the problems with the use of GDP as an indicator of the well-being of a country. Read:...
-
What are the physiological consequences of hormone dysregulation in aging populations, and how do age-related changes in hormone levels and receptor sensitivity contribute to age-related diseases and...
-
What strikes you as the three biggest data challenges in health care?Explain
-
Which property determines whether a control is available to the user during run time? a. Available b. Enabled c. Unavailable d. Disabled
-
The Atlantic Medical Clinic can purchase a new computer system that will save $7,000 annually in billing costs. The computer system will last for eight years and have no salvage value . Required: Up...
-
Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours....
-
Boyne University offers an extensive continuing education program in many cities throughout the state. For the convenience of its faculty and administrative staff and to save costs, the university...
-
Use lists to find the LCM of 12 and 15.
-
Using prime factorization, determine the greatest common divisor of 120 and 200.
-
There are three gym classes. The number of students in the classes is 21,35 , and 28 . What is the largest team size that can be formed if teams from every class must have the same number of students?
Study smarter with the SolutionInn App