of 2 Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces...

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of 2 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 $ 8.40 Direct labor $ 5.40 Variable manufacturing overhead $ 2.90 Fixed manufacturing overhead $ 6.40 Fixed selling expense $ 4.90 ok Fixed administrative expense Sales commissions $ 3.90 $ 2.40 Variable administrative expense $ 1.90 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 27,500 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 27,500 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 31,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 24,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product cost 2. Total amount of period cost incurred 3. Total amount of product cost 4. Total amount of period cost of 2 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 $ 8.40 Direct labor $ 5.40 Variable manufacturing overhead $ 2.90 Fixed manufacturing overhead $ 6.40 Fixed selling expense $ 4.90 ok Fixed administrative expense Sales commissions $ 3.90 $ 2.40 Variable administrative expense $ 1.90 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 27,500 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 27,500 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 31,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 24,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product cost 2. Total amount of period cost incurred 3. Total amount of product cost 4. Total amount of period cost

Answer rating: 100% (QA)

1 Total amount of product cost incurred to make 27500 units Direct materials 27500 units x 840 23100... View the full answer