Question
Old MathJax webview Kubin Companys relevant range of production is 27,000 to 29,000 units. When it produces and sells 28,000 units, its average costs per
Old MathJax webview
Kubin Companys relevant range of production is 27,000 to 29,000 units. When it produces and sells 28,000 units, its average costs per unit are as follows:
Average Cost per Unit Direct materials $ 8.70 Direct labor $ 5.70 Variable manufacturing overhead $ 3.20 Fixed manufacturing overhead $ 6.70 Fixed selling expense $ 5.20 Fixed administrative expense $ 4.20 Sales commissions $ 2.70 Variable administrative expense $ 2.20
Required:
1. For financial accounting purposes, what is the total amount of product costs incurred to make 28,000 units?
2. For financial accounting purposes, what is the total amount of period costs incurred to sell 28,000 units?
3. For financial accounting purposes, what is the total amount of product costs incurred to make 29,000 units?
4. For financial accounting purposes, what is the total amount of period costs incurred to sell 27,000 units?
Kubin Company's relevant range of production is 27,000 to 29,000 units. When it produces and sells 28,000 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 $ 8.70 $ 5.70 $ 3.20 $ 6.70 $ 5.20 $ 4.20 $ 2.7e $ 2.28 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 28,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 28,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 29,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 27,000 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 Kubin Company's relevant range of production is 27,000 to 29,000 units. When it produces and sells 28,000 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 $ 8.70 $ 5.70 $ $ $ 5.20 $ 4.20 $ $ 2.28 3.2e 6.70 2.70 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 28,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 28,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 29,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 27,000 units? (For all requirements, do not round intermediate calculations.) Total ount of product 2 Total amount of period costs incurred 3. Total amount of product costs 4 Total amount of period costs
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