Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need answers to 9-12 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 9-12

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:

image text in transcribedimage text in transcribedimage text in transcribed

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 basis? Chapter 1 ring overhead cost incurred 12. If 12,500 units are produced, what is the total amount of manufacturing overhead co to support this level of production? What is this total amount expressed on a per unit has 13. If the selling price is $22 per unit, what is the contribution margin per unit? 14. If 11.000 units are produced, what are the total amounts of direct and indirect manufacturine costs incurred to support this level of production? 15. What incremental manufacturing cost will Martinez incur if it increases production from 10,000 to 10,001 units? onnect EXERCISE 1-1 Identifying Direct and Indirect Costs L01-1 Northwest Hospital is a full-service hospital that provides everything from major surgery emergency room care to outpatient clinics, r surgery and

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

Accounting And Business Ethics An Introduction

Authors: Ken McPhail, Diane Walters

1st Edition

0674018788, 9780415362368

More Books

Students also viewed these Accounting questions

Question

LO2 Discuss the constraints faced in a typical recruitment process.

Answered: 1 week ago