Question
This is my 3rd time submitting this question, its partially correct please make 100 percent correct!!! Return to question Item1 Item 1 25 points Kubin
This is my 3rd time submitting this question, its partially correct please make 100 percent correct!!!
Return to question
Item1
Item 1 25 points
Kubin Companys relevant range of production is 24,000 to 31,000 units. When it produces and sells 27,500 units, its average costs per unit are as follows:
Average Cost per Unit | ||
Direct materials | $ | 8.40 |
Direct labor | $ | 5.40 |
Variable manufacturing overhead | $ | 2.90 |
Fixed manufacturing overhead | $ | 6.40 |
Fixed selling expense | $ | 4.90 |
Fixed administrative expense | $ | 3.90 |
Sales commissions | $ | 2.40 |
Variable administrative expense | $ | 1.90 |
Required:
1. For financial accounting purposes, what is the total amount of product costs incurred to make 27,500 units?
2. For financial accounting purposes, what is the total amount of period costs incurred to sell 27,500 units?
3. For financial accounting purposes, what is the total amount of product costs incurred to make 31,000 units?
4. For financial accounting purposes, what is the total amount of period costs incurred to sell 24,000 units?
(For all requirements, do not round intermediate calculations.)
#1 is incorrect for the total amount of product costs at $654, 500, please correct this!!
#2 is correct for the total amount of period costs incurred $360,250
#3 is incorrect for the total amount of product costs $712,950, please correct this!!!
#4 is correct for the amount of period costs $345,200
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