Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces and sells 27,500 units, its average costs per unit are as follows: Check my work Average Cost per Unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead. Fixed selling expense $8.48 $5.40 $2.90 $6.48 $4.98 Fixed administrative expense $ 3.90 Sales commissions Variable administrative expense $ 2.40 5.1.90 Required (Hint-See the video solutions for Example 1-1. parts 3 through 10 in the course packet): 1. If 24,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 31,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 24,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 31,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 24,000 units are produced, what is the average foxed manufacturing cost per unit produced? 6. If 31,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 24,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 31,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? (Round per unit values to 2 decimal places.) 1. & 2. Variable cost per unit produced and sold 3&4 Total amount of variable cost related to units produced and sold 5.& 6. Average fixed manufacturing cost per unit produced 7.& 8. Total amount of fixed manufacturing overhead 24.000 Units 31,000 Units average costs per unit are as follows: Average Cost per Unit Direct materials Direct labor $ 8.40 $ 5.40 Variable manufacturing overhead $ 2.90 Fixed manufacturing overhead $ 6.40 Fixed selling expense $ 4.90 Fixed administrative expense $ 3.90 Sales commissions $ 2.40 Variable administrative expense $ 1.90 Required (Hint - For parts 1 and 2 below, see the solution videos for Example 1-1, parts 1-2 in the course packet.) 1. For financial accounting purposes, what is the total amount of product costs incurred to make 27,500 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 27,500 units? (If you have trouble with parts 3 and 4 below, please see the hint further down the page:) 3. For financial accounting purposes, what is the total amount of product costs incurred to make 31,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 24,000 units? (For all requirements, do not round intermediate calculations.) Answer is complete but not entirely correct. 1. Total amount of product costs $ 635,250 2. Total amount of period costs incurred $ 360,250 3. Total amount of product costs 4. Total amount of period costs $ 716,100 $ 314,400 < Previ 7 of 10 www Next