Required:

For financial accounting purposes, what is the total amount of product costs incurred to make $20,000$ units?

For financial accounting purposes, what is the total amount of period costs incurred to sell $20,000$ units?

For financial accounting purposes, what is the total amount of product costs incurred to make $22,000$ units?

For financial accounting purposes, what is the total amount of period costs incurred to sell $18,000$ units?

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

Answer is complete but not entirely correct.

$[1.$ Total amount of product costs,$$,350,000],[2.$ Total amount of period costs incurred,$$,150,000],[3.$ Total amount of product costs,

$!$

Required information

$[$The following information applies to the questions displayed below.$]$

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,$],[$Direct materials,$$7\mathrm{.}00$$$,364,000$

 

 

Answer rating: 100% (QA)

To determine the total amount of product costs incurred to make a certain number of units and the to... View the full answer