Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? 150,000 2. For fipancial accounting purposes,

image text in transcribed
Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? 150,000 2. For fipancial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? 65,000 3. If 8,000 units are produced and sold, what is the variable cost per unit produced and sold? 12 dollars 4. If 12,500 units are produced and sold, what is the variable cost per unit produced and sold? dollars 5. If 8,000 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? 100.000 6. If 12,500 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? 156/000 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? 3.20 9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? 40,000 10. If 12,500 units are produced, what is the total amount of foed manufacturing cost incurred to support this level of production? 40,000 11. 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? 12. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this Tevel of production? What is this total amount expressed on a per unit basis? 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 manufacturing 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? Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? 150,000 2. For fipancial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? 65,000 3. If 8,000 units are produced and sold, what is the variable cost per unit produced and sold? 12 dollars 4. If 12,500 units are produced and sold, what is the variable cost per unit produced and sold? dollars 5. If 8,000 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? 100.000 6. If 12,500 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? 156/000 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? 3.20 9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? 40,000 10. If 12,500 units are produced, what is the total amount of foed manufacturing cost incurred to support this level of production? 40,000 11. 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? 12. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this Tevel of production? What is this total amount expressed on a per unit basis? 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 manufacturing 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

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

Using QuickBooks Online For Accounting 2022

Authors: Glenn Owen

5th Edition

0357516532, 9780357516539

More Books

Students also viewed these Accounting questions

Question

3. Give short, clear directions before, not during, transitions.

Answered: 1 week ago

Question

prune chessboard

Answered: 1 week ago