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Need answers to 5-8! Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average
Need answers to 5-8!
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows:
The Martinez Company Use the following information to answer questions 1 through 15 on p Direct materials....... ..$5.00 Direct labor... ... 4.00 Variable overhead..... 2.00 Fixed manufacturing overhead cost......... ..40,000 Fixed selling expense........... 20,000 Fixed administrative expense....... .10,000 .2.00 Sales commission per unit........... Administration expense per unit. --... 1.00 Vallavie au s tralve expense ......... $0.50 Required: For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? 3. If 8.000 units are produced and sold, what is the variable cost per unit produced and sold? 4. If 12,500 units are produced and sold, what is the variable cost per unit produced and sold? 5. If 8,000 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? 6. If 12,500 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? 7. If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced? 8. If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced? 9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? 10. If 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? ll. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basisStep by Step Solution
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