Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 25,000 to 33,500 units. When it
Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 25,000 to 33,500 units. When it produces and sells 29,250 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 $8.50 $ 5.50 $ 3.00 $ 6.50 $5.00 $4.00 $ 2.50 $ 2.00 Required: 1. If 25,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 33.500 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 25,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 33,500 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 25.000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 33.500 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 25.000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 33,500 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 and 2 Variable cost per unit produced and sold 3 and 4 Total amount of variable cost related to units produced and sold 5 and 6 Average fixed manufacturing cost per unit produced 7 and Total amount of fixed manufacturing overhead 25,000 Unes a
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