Exercise 1-8 Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] 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: Direct materials Direct labor Varlable manufacturing overhead rixed sanufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Varlable administrative expense Average Cost per Unit 7.80 5 4.00 s 1.50 5.00 5 3.50 S 2.50 s 1.e0 $ e.s0 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units? Total amount of product costs 2. Total amount of period costs incurred 3. Total amount of product costs 4. Total amount of period costs