Required informationSkip to question[The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 11,000 to 14,000 units. When it produces and sells 12,500 units, its average costs per unit are as follows: Average Cost per UnitDirect materials $ 7.20Direct labor $ 4.20Variable manufacturing overhead $ 1.70Fixed manufacturing overhead $ 5.20Fixed selling expense $ 3.70Fixed administrative expense $ 2.70Sales commissions $ 1.20Variable administrative expense $ 0.70Required:1. For financial accounting purposes, what is the total amount of product costs incurred to make 12,500 units?2. For financial accounting purposes, what is the total amount of period costs incurred to sell 12,500 units?3. For financial accounting purposes, what is the total amount of product costs incurred to make 14,000 units?4. For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units? (For all requirements, do not round intermediate calculations.)

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