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Required information [The following information applies to the questions displayed below.) Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces

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Required information [The following information applies to the questions displayed below.) Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces and sells 27,500 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 $ 8.40 $5.40 $ 2.90 $ 6.40 $ 4.90 $ 3.90 $ 2.40 $ 1.90 Required (Hint - For parts 1 and 2 below, see the solution videos for Example 1-1, parts 1-2 in the course packet.) 1. For financial accounting purposes, what is the total amount of product costs incurred to make 27,500 units? 2. For financial accounting purposes, what is the total amount of perlod costs incurred to sell 27.500 units? (If you have trouble with parts 3 and 4 below, please see the hint furthw down the page:) 3. For financial accounting purposes, what is the total amount of product costs incurred to make 31,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 24.000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product costs 2. Total amount of period costs incurred 3. Total amount of product costs 4. Total amount of period costs

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