Kubin Company’s relevant range of production is 29,000 to 33,000 units. When it produces and sells 31,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 8.90 Direct labor $ 5.90 Variable manufacturing overhead $ 3.40 Fixed manufacturing overhead $ 6.90 Fixed selling expense $ 5.40 Fixed administrative expense $ 4.40 Sales commissions $ 2.90 Variable administrative expense $ 2.40 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 31,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 31,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 33,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 29,000 units? (For all requirements, do not round intermediate calculations.)  

Answer rating: 100% (QA)

1 For financial accounting purposes the total amount of product costs incurred to make 31000 units can be calculated by summing up the relevant costs ... View the full answer