S EXERCISE 1-7 Direct and Indirect Costs LO1-1 Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 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 $7.00 $4.00 $1.50 $5.00 $3.50 $2.50 $1.00 $0.50 EXERCISE 1-8 Product Costs and Period Costs; Variable and Fixed Costs LO1-3,LO1-4 Refer to the data given in Exercise 1-7. Answer all questions independently. Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?

EXERCISE 1-7 Direct and Indirect Costs 4 LO1-1 Kutvin Compary's relevant nage of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: EXERCISE 1-8 Product Costs and Period Costs; Variable and Flxed Costs -3, 1-4 Refer to the data given in [\$ Exereise 1-7. Answer all questions independenty: Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. For financial accounting purposes, what is the total amount of periad costs incurred to sell 20,000 units? 3. For finascial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. For financial aceountins purposes, what is the totel amount of period conts incurred to vell 15,000 units