Kubin Company's relevant range of production is 18,000 to 22,000 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 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: Amount Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 18,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 22,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 18,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 22,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 18,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 22,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? (Round per unit values to 2 decimal places.) 1. Variable cost per unit 2. Variable cost per unit 3. Total amount of variable cost 4. Total amount of variable cost 5. Average fixed manufacturing cost per unit 6. Average fixed manufacturing cost per unit 7. Total amount of fixed manufacturing overhead 8. Total amount of fixed manufacturing overhead Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: Amount Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 18,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 22,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 18,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 22,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 18,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 22,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? (Round per unit values to 2 decimal places.) 1. Variable cost per unit 2. Variable cost per unit 3. Total amount of variable cost 4. Total amount of variable cost 5. Average fixed manufacturing cost per unit 6. Average fixed manufacturing cost per unit 7. Total amount of fixed manufacturing overhead 8. Total amount of fixed manufacturing overhead
Expert Answer:
Answer rating: 100% (QA)
1 Direct materials 700 Direct labor 400 Variable manufacturing overhead 150 Sales commis... 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 marketing questions
-
Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows:...
-
Kubin Companys relevant range of production is 21,000 to 25,000 units. When it produces and sells 23,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $...
-
Munchak Company's relevant range of production is 9,000-11,000 units. Last month the company produced 10,000 units. Its total manufacturing cost per unit produced was $70. At this level of activity...
-
Answer the following questions: 1. What values are inherent in the helping process? 2. Why does Egan refer to them as tools of the trade?
-
A cylinder containing ammonia is fitted with a piston restrained by an external force that is proportional to cylinder volume squared. Initial conditions are 10C, 90% quality and a volume of 5 L. A...
-
Repeat the previous problem for a cylinder (cannon) pointing 40 degrees up relative to the horizontal direction.
-
Refer to the information in QS 19-16. The company sells its product for $50 per unit. Due to new regulations, the company must now incur $2 per unit of hazardous waste disposal costs and $8,500 per...
-
The American Association for Freedom, a political think tank, was recently established. During its rst year of operations it engaged in the following transactions and was affected by the following...
-
Consider two oppositely charged atoms with charges of +1 and -1 units, respectively. The two atoms interact with each other through electrostatic (Coulombic) and van der Waals forces, and reach an...
-
Background: SO MUCH CANDY DATA, SERIOUSLYCandy hierarchy data for 2017 Boing Boing Halloween candy hierarchy. This is survey data over the span of 4-years. The data is split into 4 separate files....
-
A restaurant has a production schedule of 2500 plates per week while the demand for the food is at the rate of 1200 plates per week. The food production runs have a set up cost of $45 and the stock...
-
What is the common law? Where do the courts get the authority to interpret it and to change it ? Briefly explain this term and give at least one example.
-
The quantity of charge q (in coulombs) that has passed through a surface of area 2.05 cm varies with time according to the equation q = 6t3 + 6t + 6, where t is in seconds. (a) What is the...
-
How you can use the leadership skills you identified in your self-assessment to foster innovation and lead change in a dynamic environment. How would weaknesses provide obstacles to your ability to...
-
global leader A general overview of Siemens: brief historical development, activity and role as The creation of the CoP (Communities of practice) ShareNet, the creation of a new knowledge Management...
-
What education and/or qualifications should the director of an early education program possess? Explain why you choose the answer and provide more detail as to how specifically that could determine...
-
If the price ratio changes (Px/Py) due to a decrease in the price of X while income remains constant, the vertical intercept (Y) of the budget line ____________ and the horizontal intercept (X)...
-
Study the pictures/images below. Obviously these was focus on LT sociology, anthropology and poltical science. Try to do some analysis by finding clues that are synonymous with the main concepts....
-
Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: The net present value s above...
-
Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total van- able expenses were $120,000, and fixed expenses were $65,000. Required: 1. What is the companys...
-
Data concerning a recent period's activity in the Assembly Department, the first processing department in a company that uses the FIFO method in its process costing, appear below: A total of 26,000...
-
Let \(F: \mathbb{R} ightarrow[0,1]\) be a distribution function. a) Show that there exists a probability space \((\Omega, \mathscr{A}, \mathbb{P})\) and a random variable \(X\) such that...
-
Let \(\left(B_{t}ight)_{t \geqslant 0}\) be a \(\mathrm{BM}^{d}\) and assume that \(X\) is a \(d\)-dimensional random variable which is independent of \(\mathscr{F}_{\infty}^{B}\). a) Show that...
-
Let \(\left(B_{t}, \mathscr{F}_{t}ight)_{t \geqslant 0}\) be a one-dimensional Brownian motion. Which of the following processes are martingales? a) \(U_{t}=e^{c B_{t}}, c \in \mathbb{R}\); b)...
Study smarter with the SolutionInn App