Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information The Foundational 15 (Algo) (L01-1, L01-2, L01-3, L01-4, L01-5, L01-6] [The following information applies to the questions displayed below.) Martinez Company's relevant range

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required information The Foundational 15 (Algo) (L01-1, L01-2, L01-3, L01-4, L01-5, L01-6] [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 $ 6,40 $ 3.90 $ 1.40 $ 4.00 $ 3.40 $ 2.10 5.1.10 $ 0.55 Foundational 1-6 (Algo) 6. 12,500 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? (Do not round Intermediate calculations.) Total Variable cose Required information The Foundational 15 (Algo) [LO1-1, LO1-2, LO1-3, L01-4, LO1-5, LO1-6) 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 $6.40 $ 3.90 $ 1.40 $ 4.00 $ 3.40 $ 2.10 $ 1.10 $ 0.55 Foundational 1-7 (Algo) 7. If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced? Average fixed manufacturing cost per unit Required information The Foundational 15 (Algo) (L01-1, L01-2, LO1-3, L01-4, LO1-5, LO1-6) 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 $ 6.40 $ 3.90 $ 1.40 $ 4.00 $ 3.40 $ 2.10 $ 1.10 $ 0.55 Foundational 1-8 (Algo) 8. If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.) Average fixed manufacturing cost per unit Required information The Foundational 15 (Algo) (L01-1, L01-2, LO1-3, L01-4, LC1-5, L01-6) (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 expenso Average Cost per Unit $ 6.40 $ 3.90 $ 1.40 $ 4.00 $ 3.40 $2 $21.10 $ 0.55 Foundational 1-9 (Algo) 9.118,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? Total food manufacturing out Required information The Foundational 15 (Algo) (L01-1, L01-2, L01-3, L01-4, L01-5, L01-6) [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 Direct materials $ 6.40 Direct labor $ 3.99 Variable nanufacturing overhead $ 1.40 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 3.40 Fixed administrative expense $ 2.10 Sales commissions $ 1.10 Variable administrative expense $ 0.55 Foundational 1-10 (Algo) 10. If 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? Total fixed manufacturing cost

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

Pioneers Of Critical Accounting A Celebration Of The Life Of Tony Lowe

Authors: Jim Haslam, Prem Sikka

1st Edition

113754211X, 9781137542113

More Books

Students also viewed these Accounting questions

Question

=+will appear. Make sure it's portable. Ask yourself:

Answered: 1 week ago