Kubin Company's relevant range of production is 16,000 to 24,500 units. When it produces and sells...
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Kubin Company's relevant range of production is 16,000 to 24,500 units. When it produces and sells 20,250 units, its average costs per unit are as follows: Average Cost per Unit $ 7.70 $ 4.70 $ 2.20 $ 5.70 $ 4.20 $ 3.20 $ 1.70 $ 1.20 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,250 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 20,250 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 24,500 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 16,000 units? (For all requirements, do not round intermediate calculations.) * Answer is complete but not entirely correct. 1. Total amount of product costs $ 435,300 x 2. Total amount of period costs incurred 379,675 X 3. Total amount of product costs 497,350 X 4. Total amount of period costs $ 367,350 x Kubin Company's relevant range of production is 16,000 to 24,500 units. When it produces and sells 20,250 units, its average costs per unit are as follows: Average Cost per Unit $ 7.70 $ 4.70 $ 2.20 $ 5.70 $ 4.20 $ 3.20 $ 1.70 $ 1.20 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,250 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 20,250 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 24,500 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 16,000 units? (For all requirements, do not round intermediate calculations.) * Answer is complete but not entirely correct. 1. Total amount of product costs $ 435,300 x 2. Total amount of period costs incurred 379,675 X 3. Total amount of product costs 497,350 X 4. Total amount of period costs $ 367,350 x
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1 Direct materials 155925 2025077 Direct labor 95175 2025047 Variable manufa... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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