Kubin Company$$s relevant range of production is $24,000$ to $31,000$ units. When it produces and sells $27,500$ units, its average costs per unit are as follows:

Average Cost per Unit

Direct materials $ $8\mathrm{.}40$

Direct labor $ $5\mathrm{.}40$

Variable manufacturing overhead $ $2\mathrm{.}90$

Fixed manufacturing overhead $ $6\mathrm{.}40$

Fixed selling expense $ $4\mathrm{.}90$

Fixed administrative expense $ $3\mathrm{.}90$

Sales commissions $ $2\mathrm{.}40$

Variable administrative expense $ $1\mathrm{.}90$

Required:

For financial accounting purposes, what is the total product cost incurred to make $27,500$ units?

For financial accounting purposes, what is the total period cost incurred to sell $27,500$ units?

For financial accounting purposes, what is the total product cost incurred to make $31,000$ units?

For financial accounting purposes, what is the total period cost incurred to sell $24,000$ units?

Note: For all requirements, do not round intermediate calculations.

Answer rating: 100% (QA)

Answer Kubin Company Cost Analysis We can calculate the total product cost and total period cost for Kubin Company using the provided information abou... View the full answer