Question
Kubin Companys 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
Kubin Companys 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:
Amount per Unit | ||
Direct materials | $ | 8.40 |
Direct labor | $ | 5.40 |
Variable manufacturing overhead | $ | 2.90 |
Fixed manufacturing overhead | $ | 7.10 |
Fixed selling expense | $ | 4.90 |
Fixed administrative expense | $ | 3.90 |
Sales commissions | $ | 2.40 |
Variable administrative expense | $ | 1.90 |
required
1.) For financial accounting purposes, what is total amount of product cost incurred to make 27,500 units?
2.) For financial accounting purposes, what is total amount of period costs incurred to sell 27,500 units?
3.) For financial accounting purposes, what is total amount of product costs incurred to make 31,000 units?
4.) For financial accounting purposes, what is total amount of period costs incurred to sell 24,000 units?
1.) total amount of product costs
2.) The total amount of period cost incurred
3.)The total amount of product costs
4.) Total amount of period costs
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