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Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 14,000 to 20,500 units. When it
Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 14,000 to 20,500 units. When it produces and sells 17,250 units, its average costs per unit are as follows: Average Cost per Unit $ 7.50 Fixed manufacturing overhead Direct materials Direct labor Variable manufacturing overhead Fixed selling expense $ 4.50 $ 2.00 $ 5.50 $4.00 Fixed administrative expense Sales commissions $ 3.00 $ 1.50 Variable administrative expense $ 1.00 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 17,250 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 17,250 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 20,500 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 14,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product cost 2. Total amount of period cost incurred i 3. Total amount of product cost 4. Total amount of period cost
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