Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

! Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 28,000 to 31,500 units. When it

! Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 28,000 to 31,500 units. When it produces and sells 29,750 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 $ 8.80 $5.80 $3.30 $5.80 $5.30 $4.30 $ 2.80 $ 2.30 Required: 1. If 28,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 31,500 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 28,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 31,500 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 28,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 31,500 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 28,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 31,500 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? Note: Round per unit values to 2 decimal places. 1. and 2. Variable cost per unit produced and sold 3. and 4. Total amount of variable cost related to units produced and sold 5. and 6. Average fixed manufacturing cost per unit produced 7. and 8. Total amount of fixed manufacturing overhead 28,000 Units 31,500 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

Auditing The Art and Science of Assurance Engagements

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones

13th Canadian edition

133405508, 978-0133405507

More Books

Students also viewed these Accounting questions

Question

What are the types of homicide, and how are they differentiated?

Answered: 1 week ago

Question

Did you add the logo at correct size and proportion?

Answered: 1 week ago