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 20,000 to 23,000 units. When it produces

Required information [The following information applies to the questions displayed below] Kubin Company's relevant range of production is 20,000 to 23,000 units. When it produces and sells 21,500 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 $ 8.00 $ 5.00 $ 2.50 $ 6.00 $ 4.50 $ 3.50 $ 2.00 $ 1.50 Required: 1. If 20,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 23,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 20,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 23,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 20,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 23,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 20,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 23,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? (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 20,000 Units 23,000 Units
image text in transcribed
Required informetion The following information applies to the questions dispiayed below] Kubin Company's relevant range of production is 20,000 to 23,000 units. When it produces and sells 21,500 units, its average costs per unit are as follows. Required: 1. If 20,000 units are produced and sold, what is the vanable cost per unit produced and sold? 2. If 23,000 units are produced and sold, what is the variable cost per uni produced and sold? 3. If 20,000 units are produced and sold. What is the total amount of vatiable cost related to the units produced and sold? 4 if 23,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5 If 20,000 units are produced, what is the average ficed manufocturing cost per unit produced? 6. If 23,000 units are produced, what is the average faced manufacturing cost per unis produced? 7. If 20,000 units are produced, what is the total amount of foxed manufacturing overhead incurred to support this level of production? 8. If 23,000 units are produced, what is the total amount of fuced manufacturing ovethead incurred to support this level of production (Round per unit volues to 2 decimel pleces)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions