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 23,000 to 27,500 units. When it produces

Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 23,000 to 27,500 units. When it produces and sells 25,250 units, its average costs per unit are as follows: Average Cost per Unit $ 8.30 Direct materials Direct labor $ 5.30 Variable manufacturing overhead $ 2.80 Fixed manufacturing overhead $ 6.30 Fixed selling expense $ 4.80 Fixed administrative expense $ 3.80 Sales commissions $ 2.30 Variable administrative expense $ 1.80 Required: 1. If 23,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 27,500 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 23,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 27,500 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 23,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 27,500 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 23,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 27,500 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? Drund for unit valuer to 2 decimal placer 1 Required: 1. If 23,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 27,500 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 23,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 27,500 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 23,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 27,500 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 23,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 27,500 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. & 2. Variable cost per unit produced and sold 3. & 4. Total amount of variable cost related to units produced and sold 5.& 6. Average fixed manufacturing cost per unit produced 7.& 8. Total amount of fixed manufacturing overhead 23,000 Units 27,500 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

Becoming An Unstoppable Woman In Finance 29 Strategic Financial Experts

Authors: Hanna Olivas, Adriana Luna Carlos, Heather Stokes, Lisa Chastain, Jennifer Lara, Shannon Lavenia, Althia Lopez, Heather Jackson, Annette Morris, Rebecca Chandler

1st Edition

979-8986936703

More Books

Students also viewed these Accounting questions

Question

How can a coach create a supportive goal-setting atmosphere?

Answered: 1 week ago

Question

What is meant by decentralisation of authority ?

Answered: 1 week ago

Question

Briefly explain the qualities of an able supervisor

Answered: 1 week ago

Question

Define policy making?

Answered: 1 week ago

Question

Define co-ordination?

Answered: 1 week ago

Question

What are the role of supervisors ?

Answered: 1 week ago