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Required information Foundational [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-6, LO 2-7] [The following information applies to the questions displayed below.] Martinez
Required information
Foundational [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-6, LO 2-7]
[The following information applies to the questions displayed below.] |
Martinez Companys relevant range of production is 8,500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs are as follows: |
Amount Per Unit | |||
Direct materials | $ | 6.10 | |
Direct labor | $ | 3.60 | |
Variable manufacturing overhead | $ | 1.40 | |
Fixed manufacturing overhead | $ | 4.10 | |
Fixed selling expense | $ | 3.10 | |
Fixed administrative expense | $ | 2.10 | |
Sales commissions | $ | 1.10 | |
Variable administrative expense | $ | 0.55 | |
Foundational 2-2
2. | For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units? |
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