Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kubin Company's relevant range of production is 29,000 to 33,000 units. When it produces and sells 31.000 units, its average costs per unit are as

image text in transcribed
Kubin Company's relevant range of production is 29,000 to 33,000 units. When it produces and sells 31.000 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 8.90 5.90 $ 3.40 6.90 5.40 5 4.40 2.90 5 2.40 24 Required 1. For financial accounting purposes, what is the total amount of product costs incurred to make 31,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 31,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 33,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 29,000 units? (For all requirements, do not round intermediate calculations.) 1 Total amount of product costs 2 Total amount of period costs incurred 3 Total amount of product costs 4. Total amount of period costs

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_2

Step: 3

blur-text-image_3

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

Auditing Cases An Interactive Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

5th International Edition

0132815591, 9780132815598

More Books

Students also viewed these Accounting questions

Question

=+ (a) Show that if P( An B) Answered: 1 week ago

Answered: 1 week ago

Question

Identify global safety and health issues.

Answered: 1 week ago

Question

Discuss health care in the global environment.

Answered: 1 week ago