Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kubin Company's relevant range of production is 23,000 to 27,500 units. When it produces and sells 25,250 units, its average costs per unit are as

image text in transcribed

Kubin Company's relevant range of production is 23,000 to 27,500 units. When it produces and sells 25,250 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 Average Cost per Unit $8.30 $5.30 $2.80 $6.30 $4.80 $3.80 $2.30 $1.80 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 25,250 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 25,250 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 27,500 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 23,000 units? (For all requirements, do not round intermediate calculations.) Answer is not complete. 1. $ 573, 175 2. $ 320,675 Total amount of product costs Total amount of period costs incurred Total amount of product costs Total amount of period costs 3. 4

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

Students also viewed these Accounting questions

Question

=+Who are they?

Answered: 1 week ago