Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells...
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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: Average Cost per Unit $ 7.00 Direct materials Direct labor $ 4.00 Variable manufacturing overhead Fixed manufacturing overhead $ 1.50 $5.00 $ 3.50 Fixed selling expense Fixed administrative expense Sales commissions $ 2.50 $ 1.00 0.50 Variable administrative expense $ 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? 1. Total amount of product costs 2. Total amount of period costs incurred 3. Total amount of product costs 4. Total amount of period costs 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: Average Cost per Unit $ 7.00 Direct materials Direct labor $ 4.00 Variable manufacturing overhead Fixed manufacturing overhead $ 1.50 $5.00 $ 3.50 Fixed selling expense Fixed administrative expense Sales commissions $ 2.50 $ 1.00 0.50 Variable administrative expense $ 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? 1. Total amount of product costs 2. Total amount of period costs incurred 3. Total amount of product costs 4. Total amount of period costs
Expert Answer:
Answer rating: 100% (QA)
1 Compute the product cost incurred to make 20000 units by K Company as shown below ProductCostDirectmaterialDirectLabourVariablemanufacturingoverheadFixedManufacturingOverhead140000800003000010000035... 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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