Direct materials Average Cost per Unit $ 7.80 Direct labor $ 4.80 Variable manufacturing overhead $...

 

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Direct materials Average Cost per Unit $ 7.80 Direct labor $ 4.80 Variable manufacturing overhead $ 2.30 .Fixed manufacturing overhead $ 5.80 Fixed selling expense $ 4.30 Fixed administrative expense Sales commissions $ 3.30 $ 1.80 Variable administrative expense $ 1.30 Exercise 1-8 (Algo) Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 21,750 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 21,750 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 26,500 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 17,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product cost $ 450,225 2. Total amount of period cost incurred 3. Total amount of product cost $ 521,000 4. Total amount of period cost $ 311,450 www Direct materials Average Cost per Unit $ 7.80 Direct labor $ 4.80 Variable manufacturing overhead $ 2.30 .Fixed manufacturing overhead $ 5.80 Fixed selling expense $ 4.30 Fixed administrative expense Sales commissions $ 3.30 $ 1.80 Variable administrative expense $ 1.30 Exercise 1-8 (Algo) Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 21,750 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 21,750 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 26,500 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 17,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product cost $ 450,225 2. Total amount of period cost incurred 3. Total amount of product cost $ 521,000 4. Total amount of period cost $ 311,450 www

Answer rating: 100% (QA)

To solve this problem we need to calculate the total product costs and total period costs for the gi... View the full answer