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need help with 3 & 4 Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its
need help with 3 & 4
Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 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 $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $8.50 1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units? Answer is complete but not entirely correct. 1. Total amount of product costs S 350,000 2. Total amount of period costs incurred 150,000 3. Total amount of product costs 385,000 4. Total amount of period costs 135,000 $ IS 5 Step by Step Solution
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