1 ! 33.33 points Mc Graw Hill Check my work mode : This shows what is...

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1 ! 33.33 points Mc Graw Hill Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Required information Cost Classifications (Algo) [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 22,000 to 27,000 units. When it produces and sells 24,500 units, its average costs per unit are as follows: Average Cost per Unit $ 8.20 Fixed administrative expense Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Sales commissions $ 5.20 $ 2.70 $ 6.20 $ 4.70 $ 3.70 $ 2.20 Variable administrative expense $ 1.70 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 product cost incurred to make 24,500 units? 2. For financial accounting purposes, what is the total period cost incurred to sell 24,500 units? 3. For financial accounting purposes, what is the total product cost incurred to make 27,000 units? 4. For financial accounting purposes, what is the total period cost incurred to sell 22,000 units? Note: For all requirements, do not round intermediate calculations. > Answer is complete but not entirely correct. 1. Total product cost $ 546,350 2. Total period cost $ 247,450 x 3. Total product cost $ 2,594,700 x 4. Total period cost $ 222,200 x < Prev 1 of 3 Score answer ........................................ Return to question 1 ! 33.33 points Mc Graw Hill Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Required information Cost Classifications (Algo) [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 22,000 to 27,000 units. When it produces and sells 24,500 units, its average costs per unit are as follows: Average Cost per Unit $ 8.20 Fixed administrative expense Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Sales commissions $ 5.20 $ 2.70 $ 6.20 $ 4.70 $ 3.70 $ 2.20 Variable administrative expense $ 1.70 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 product cost incurred to make 24,500 units? 2. For financial accounting purposes, what is the total period cost incurred to sell 24,500 units? 3. For financial accounting purposes, what is the total product cost incurred to make 27,000 units? 4. For financial accounting purposes, what is the total period cost incurred to sell 22,000 units? Note: For all requirements, do not round intermediate calculations. > Answer is complete but not entirely correct. 1. Total product cost $ 546,350 2. Total period cost $ 247,450 x 3. Total product cost $ 2,594,700 x 4. Total period cost $ 222,200 x < Prev 1 of 3 Score answer ........................................ Return to question