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Chapter 1 Homework Problems Seved Help Save & Exit Subr Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 8 Variable administrative expense $ 0.70 Exercise 1-8 (Algo) Product Costs and Period Costs; Variable and Fixed Costs (L01-3, L01-4) Part 2 of 4 0.45 points Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 12,500 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to seli 12,500 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 14,000 units? 4. For financial accounting purposes, what is the total amount of perlod costs incurred to sell 11.000 units? (For all requirements, do not round Intermediate calculations.) Answer is not complete 1. Total amount of product costs $ 201,300 2. Total amount of period costs incurred 3. Total amount of product cost 4 4. Total amount of period costs Kubin Company's relevant range of production is 11,000 to 14,000 units. When it produces and sells 12,500 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 7.20 $ 4.20 $ 1.70 $ 5.20 $ 3.70 $ 2.70 $ 1.20 $ 0.70 Exercise 1-8 (Algo) Product Costs and Period Costs: Variable and Fixed Costs (L01-3, L01.4) Required: 1. For financial accounting purposes, what is th total amount of product costs incurred to make 12,500 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 12,500 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 14,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units? (For all requirements, do not round Intermediate calculations.)