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 21,000 to 25,000 units. When it

image text in transcribed

Required information. [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 21,000 to 25,000 units. When it produces and sells 23,000 units, its average costs per unit are as follows: Book Print 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 $8.10 $ 5.10 $2.60 $ 6.10 $ 4.60 $3.60 $ 2.10 $1.60 ferences Required: 1. If 21,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 25,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 21,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 25,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 21,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 25,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 21,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 25,000 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. & 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 21,000 Units 25,000 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_2

Step: 3

blur-text-image_3

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

College Accounting

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

11th edition

978-1111528300, 1111528128, 1111528306, 978-1111528126

More Books

Students also viewed these Accounting questions

Question

=+b) Drivers scores on the written part of a driving test.

Answered: 1 week ago

Question

what is GPFG investment horizon & Risk Appetite?

Answered: 1 week ago

Question

What are the six steps in continuous process improvement? LO.1

Answered: 1 week ago