Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Module 4 Homework 4 Required Information Saved Help Save & Exit Submit Part 2 of 3 0.71 points eBook Cost Classifications (Algo) [The following information

Module 4 Homework 4 Required Information Saved Help Save & Exit Submit Part 2 of 3 0.71 points eBook Cost Classifications (Algo) [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 12,000 to 16,000 units. When It produces and sells 14,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense References Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 7.30 $ 4.30 $ 1.80 $ 5.30 $ 3.80 $ 2.80 $ 1.30 $ 0.80 Exercise 1-8 (Algo) Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 14,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 14,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 16,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 12,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product costs $ 261,800 2. Total amount of period costs incurred 3. Total amount of product costs 4. Total amount of period costs $ 117,600 Check my work

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

Management Accounting A Decision Emphasis

Authors: Don T. DeCoster, Eldon L. Schafer, Mary T. Ziebell

4th Edition

0471637130, 978-0471637134

More Books

Students also viewed these Accounting questions

Question

7. How will you encourage her to report back on the findings?

Answered: 1 week ago

Question

Were the decisions based on appropriate facts?

Answered: 1 week ago

Question

Were the right people involved in the decision-making process?

Answered: 1 week ago