Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

[The following information applies to the questions displayed below.] Martinez Companys relevant range of production is 8,500 units to 13,500 units. When it produces and

image text in transcribed[The following information applies to the questions displayed below.]

Martinez Companys relevant range of production is 8,500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs are as follows:

1.

For financial accounting purposes, what is the total amount of product costs incurred to make 11,000 units?

2.

For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units?

3.

If 9,000 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.)

4.

If 13,000 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.)

5. If 9,000 units are sold, what is the total amount of variable costs related to the units sold?

6. If 13,000 units are sold, what is the total amount of variable costs related to the units sold?

6. If 13,000 units are sold, what is the total amount of variable costs related to the units sold?

If 9,000 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.)

8.

If 13,000 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.)

9.

If 9,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?

10.

If 13,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?

11-a.

If 9,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?

12-a.

If 13,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?

12-b.

If 13,000 units are produced, what is this total amount of manufacturing overhead cost expressed on a per unit basis? (Round your answer to 2 decimal places.)

13.

If the selling price is $21.70 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.)

14-a.

If 12,000 units are produced, what are the total amounts of direct manufacturing costs incurred to support this level of production?

14-b.

If 12,000 units are produced, what are the total amounts of indirect manufacturing costs incurred to support this level of production?

11-b.

If 9,000 units are produced, What is this total amount of manufacturing overhead cost expressed on a per unit basis? (Round your answer to 2 decimal places.)

Amount Per Unit $5.70 $3.20 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $3.70 $2.70 $2.10 $1.10 $0.55

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

AML Auditing Understanding Transaction Monitoring

Authors: Bob Walsh

1st Edition

1539519740, 978-1539519744

More Books

Students also viewed these Accounting questions