Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it
Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit $ 5.30 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $ 2.801 $ 1.40 $ 4.00 $ 2.30 $ 2.20 $ 1.20 $ 0.45 11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places.) Answer is complete but not entirely correct. Total manufacturing overhead cost $ Manufacturing overhead per unit $ 116,000 14.50x Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Fixed manufacturing overhead Fixed administrative expense Direct materials Direct labor Variable manufacturing overhead Fixed selling expense Sales commissions Average Cost Per Unit $ 5.30 $ 2.80 $ 1.40 $ 4.00 $ 2.30 $ 2.20 $ 1.20 Variable administrative expense $ 0.45 12. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places.) Answer is complete but not entirely correct. Total manufacturing overhead cost 158,750 Manufacturing overhead per unit $ 12.70 < Prev 12 13 14 15 of 15 Next > 3 of 15 Required information [The following information applies to the questions displayed below.) Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 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 $ 5.30 $ 2.80 $ 1.40 $ 4.00 $ 2.30 $ 2.20 $ 1.20 $ 0.45 13. If the selling price is $21.30 per unit, what is the contribution margin per unit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Contribution margin per unit $ 40,000.00 8 < Prev 13 14 15 of 15 Next D 5 Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit $ 5.30 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense $ 2.80 $ 1.40 $ 4.00 $ 2.30 Fixed administrative expense $ 2.20 $ 1.20 Variable administrative expense $ 0.45 Sales commissions 14. If 10,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production? (Do not round intermediate calculations.) Total direct manufacturing cost Total indirect manufacturing cost 8 < Prev 14 15 of 15 Next >
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started