Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer each portion. You do not have to go into great detail. Thanks in advance! A companys relevant range of production is 8,900 units

Please answer each portion. You do not have to go into great detail. Thanks in advance!

A companys relevant range of production is 8,900 units to 13,900 units. When it produces and sells 11,400 units, its unit costs are as follows:

Amount Per Unit

Direct materials

$

6.70

Direct labor

$

4.20

Variable manufacturing overhead

$

1.40

Fixed manufacturing overhead

$

4.70

Fixed selling expense

$

3.70

Fixed administrative expense

$

2.10

Sales commissions

$

1.10

Variable administrative expense

$

0.55

1) For financial accounting purposes, what is the total amount of product costs incurred to make 11,400 units?

2) For financial accounting purposes, what is the total amount of period costs incurred to sell 11,400 units?

3) If 9,400 units are sold, what is the variable cost per unit sold?

4) If 13,900 units are sold, what is the variable cost per unit sold?

5) If 9,400 units are sold, what is the total amount of variable costs related to the units sold?

6) If 13,900 units are sold, what is the total amount of variable costs related to the units sold?

7) If 9,400 units are produced, what is the average fixed manufacturing cost per unit produced?

8) If 13,900 units are produced, what is the average fixed manufacturing cost per unit produced?

9) If 9,400 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?

10) If 13,900 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?

11) If 9,400 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?

12) If 9,400 units are produced, what is the total amount of manufacturing overhead cost expressed on a per unit basis?

13) If 13,900 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?

14) If 13,900 units are produced, what is the total amount of manufacturing overhead cost expressed on a per unit basis?

15) If the selling price is $22.70 per unit, what is the contribution margin per unit sold?

16) If 12,400 units are produced, what are the total amount of direct manufacturing costs incurred to support this level of production?

17) If 12,400 units are produced, what are the total amount of indirect manufacturing costs incurred to support this level of production?

18) What total incremental cost they will incur if it increases production from 11,400 to 11,401 units?

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_2

Step: 3

blur-text-image_3

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

Financial Reporting Exam Kit Kaplan Approved Acca

Authors: Kaplan Publishing

1st Edition

9781787404137

More Books

Students also viewed these Accounting questions