Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following momaton apples to the questions displayed below.) Kubin Company's relevant range of production is 11,000 to 14,000 units. When it produces and sells

The following momaton apples 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 Unit $ 7.20 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $ 4.20 $ 1.70 $5.20 $ 3.70 $ 2.70 $ 1.20 $ 0.70 Required: 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.) Answer is complete but not entirely correct. 1. Total amount of product cost $ 228,7500 2. Total amount of period cost incurred 3. Total amount of product cost 4. Total amount of period cost $ 103,7500 $ 256,200x $ 91,300X

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

Students also viewed these Accounting questions

Question

3. An initial value (anchoring).

Answered: 1 week ago