Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kubin Company's relevant range of production is 27,000 to 29,000 units. When it produces and sells 28,000 units, its average costs per unit are as

image text in transcribedimage text in transcribed Kubin Company's relevant range of production is 27,000 to 29,000 units. When it produces and sells 28,000 units, its average costs per unit are as follows: Required: 1. If 27,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 29,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 27,000 units are produced and sold, what is the total variable cost related to the units produced and sold? 4. If 29,000 units are produced and sold, what is the total variable cost related to the units produced and sold? 5. If 27,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 29,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 27,000 units are produced, what is the total fixed manufacturing overhead incurred to support this level of production? 8. If 29,000 units are produced, what is the total fixed manufacturing overhead incurred to support this level of production? Note: Round per unit values to 2 decimal places. \begin{tabular}{|c|c|c|c|c|} \hline & \multicolumn{2}{|c|}{27,000 Units } & \multicolumn{2}{|c|}{29,000 Units } \\ \hline 1. and 2. Variable cost per unit produced and sold & $ & 22.50 & $ & 22.50 \\ \hline 3. and 4. Total variable cost related to units produced and sold & $ & 607,500 & $ & 652,500 \\ \hline 5. and 6. Average fixed manufacturing cost per unit produced & & & & \\ \hline 7. and 8. Total fixed manufacturing overhead & & & & \\ \hline \end{tabular}

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

Recommended Textbook for

Energy Management Conservation And Audits

Authors: Anil Kumar, Om Prakash, Prashant Singh Chauhan, Samsher Gautam

1st Edition

0367494930, 978-0367494933

More Books

Students also viewed these Accounting questions

Question

2. Define identity.

Answered: 1 week ago

Question

1. Identify three communication approaches to identity.

Answered: 1 week ago

Question

4. Describe phases of majority identity development.

Answered: 1 week ago