Kubin Company's relevant range of production is 23,000 to 27,500 units. When it produces and sells...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Kubin Company's relevant range of production is 23,000 to 27,500 units. When it produces and sells 25,250 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Average Cost per Unit $ 8.30 $ 5.30 $ 2.80 $ 6.30 $ 4.80 Fixed administrative expense $ 3.80 $ 2.30 Variable administrative expense $ 1.80 Sales commissions Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 25,250 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 25,250 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 27,500 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 23,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product cost 2. Total amount of period cost incurred 3. Total amount of product cost 4. Total amount of period cost + Kubin Company's relevant range of production is 23,000 to 27,500 units. When it produces and sells 25,250 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Average Cost per Unit $ 8.30 $ 5.30 $ 2.80 $ 6.30 $ 4.80 Fixed administrative expense $ 3.80 $ 2.30 Variable administrative expense $ 1.80 Sales commissions Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 25,250 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 25,250 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 27,500 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 23,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product cost 2. Total amount of period cost incurred 3. Total amount of product cost 4. Total amount of period cost +
Expert Answer:
Answer rating: 100% (QA)
1 Total product costs to make 25250 units Direct materials cost 25250 units x 830unit 209375 Dir... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
Students also viewed these accounting questions
-
(a) Explain the functions and basic requirements of a protective relay. b) Compare the merits and demerits of overhead lines with an underground distribution system. (7) (7)
-
What information must a notice of privacy policy contain? 2. Be able to identify situations in which each of the following PHI disclosure rules apply: 1. No Authorization Required, 2. No...
-
What does the acronym stand for? b. What would one be generated for or what is it designed to do or accomplish? c. Superintendents often wish all changes were handled as CCDs. Why? d. How is it...
-
Explain why the economic order quantity is the intersection of the ordering-cost curve and the carrying-cost curve.
-
A radio station wants to ensure good reception of its signal everywhere inside a city. Would it be a good idea to place several broadcasting antennas at roughly equal intervals around the perimeter...
-
Which of the series converge absolutely, which converge, and which diverge? Give reasons for your answers. 8 (-1)" n=11+ n
-
What are the three parts of a make rule?
-
The comparative financial statements of Chattah Inc. are as follows. The market price of Chattah Inc. common stock was $25 on December 31, 2012. Instructions Determine the following measures for...
-
Give any statement as an example to explain data manipulation language nature of SQL.?
-
Give a big-Oh notation, in terms of n, of the running time of the algorithm shown in the following code fragment: /** Returns the sum of the prefix sums of given array. */ public static int example 3...
-
Units Work in process June 1 (20% complete) 4 000 Started in June 32 000 Work in process June 30 (30% complete) 6 000 Materials are added at the beginning of the process. Equivalent units of...
-
Find the values of the trigonometric functions of t from the given information. sin(t) terminal point of t is in Quadrant IV cos(t) = tan(t) = csc(t) = sec(t) cot(t): == 5'
-
1) A good that generates a negative externality is sold in a competitive market. Demand is defined by P(Q)=600-2Q and supply is defined by P(Q)=Q. The externality from production is E(Q)=0.5Q2....
-
You sell hotdogs outside the library. Originally you sell your hotdog for $6 each and you sell 60 hotdogs per day. You trial seeling your hotdogs for $4 each and notice you sell 100 hotdogs. a. Use...
-
Latino Inc. employs a residual dividend policy which pays on an annual basis. This year, Latino Inc., funded $7.5 million in projects, with 40% of total funds coming from equity. Latino Inc. always...
-
Please respond to the following: Examine the steps necessary to complete a sale and discuss how the sales order process is integrated with other processes (credit and collections, delivery, etc.)....
-
Players A, B, and C toss a fair coin in order. The first to throw a head wins. What are their respective chances of winning?
-
If we imagine a full cycle of the oscillation, with the woman bouncing up and down and the tendon providing the restoring force, what will her oscillation period be? A. \(0.10 \mathrm{~s}\) B. \(0.15...
-
Given what you have calculated for the period of the full oscillation in this model, what is the landing-to-liftoff time for the stretch and rebound of the sprinter's foot? A. \(0.050 \mathrm{~s}\)...
-
Assuming that the web acts like a spring, what is the spring constant of the web? A. \(0.039 \mathrm{~N} / \mathrm{m}\) B. \(0.39 \mathrm{~N} / \mathrm{m}\) C. \(3.9 \mathrm{~N} / \mathrm{m}\) D....
Study smarter with the SolutionInn App