Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1, please do all 3 parts! Thanks! Required information [The following information applies to the questions displayed below.) Kubin Company's relevant range of production

Question 1, please do all 3 parts! Thanks!
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required information [The following information applies to the questions displayed below.) Kubin Company's relevant range of production is 19,000 to 20,000 units. When it produces and sells 19,500 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.90 Direct labor $ 4.90 Variable manufacturing overhead $ 2.40 Fixed manufacturing overhead $ 5.90 Fixed selling expense $ 4.40 Fixed administrative expense $ 3.40 Sales commissions $ 1.90 Variable administrative expense $ 1.40 Required: 1. Assume the cost object is units of production: a. What is the total direct manufacturing cost incurred to make 19,500 units? b. What is the total indirect manufacturing cost incurred to make 19,500 units? 2. Assume the cost object is the Manufacturing Department and that its total output is 19,500 units. a. How much total manufacturing cost is directly traceable to the Manufacturing Department? b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department? 3. Assume the cost object is the company's various sales representatives. Furthermore, assume that the company spent $66,300 of its total fixed selling expense on advertising and the remainder of the total fixed selling expense comprised the fixed portion of the company's sales representatives' compensation a When the company sells 19,500 units, what is the total direct selling expense that can be readily traced to individual sales representatives? b. When the company sells 19,500 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives? Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 1. Assume the cost object is units of production: a. What is the total direct manufacturing cost incurred to make 19,500 units? (Round per unit values to 2 decimal places.) b. What is the total indirect manufacturing cost incurred to make 19,500 units? (Round per unit values to 2 decimal places.) 1a Direct materials per unit 1a. Direct labor per unit 1a. Direct manufacturing cost per unit 1a. Number of units produced and sold 1a. Total direct manufacturing cost 16. Variable manufacturing overhead per unit 1b. Fixed manufacturing overhead per unit 16. Indirect manufacturing cost per unit 16. Number of units produced and sold 16. Total indirect manufacturing cost Red Required 2 > Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 2. Assume the cost object is the Manufacturing Department and that its total output 19,500 units. a. How much total manufacturing cost is directly traceable to the Manufacturing Department? (Round per unit values to 2 decimal places.) b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department? Show less 20. Direct materials per unit 20. Direct labor per unit 2a. Variable manufacturing overhead per unit 2a. Fixed manufacturing overhead por unit 2a. Total manufacturing cost per unit 20. Number of units produced and sold 2a. Total direct costs 2b. Total indirect costs Required 1 Required 2 Required 3 3. Assume the cost object is the company's various sales representatives. Furthermore, assume that the company spent $66,300 of its total fixed selling expense on advertising and the remainder of the total fixed selling expense comprised the fixed portion of the company's sales representatives' compensation. a. When the company sells 19,500 units, what is the total direct selling expense that can be readily traced to individual sales representatives? (Round per unit value to 2 decimal places.) b. When the company sells 19,500 units, what is the total Indirect selling expense that cannot be readily traced to individual sales representatives? Show less 3a. Salos commissions per unit 3a. Number of units sold 3a Total sales commission 3a. Fixed portion of sales representatives' compensation 3a. Total direct selling expense 3b. The total indirect selling expense

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

Fundamental Managerial Accounting Concepts

Authors: Edmonds, Tsay, olds

6th Edition

71220720, 78110890, 9780071220729, 978-0078110894

More Books

Students also viewed these Accounting questions

Question

What do we know about leadership?

Answered: 1 week ago

Question

How many three-digit numbers are divisible by 7?

Answered: 1 week ago

Question

What is Indian Polity and Governance ?

Answered: 1 week ago