[The following information applies to the questions displayed below.] Kubin Company's relevant range of production is...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
[The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 12,000 to 16,000 units. When it produces and sells 14,000 units, its average cost! unit are as follows: Direct materials Direct labor Variable manufacturing overhead Average Cost per Unit $ 7.30 $ 4.30 $1.80 $ 5.30 Fixed manufacturing overhead Fixed selling expense $ 3.80 Fixed administrative expense $ 2.80 Sales commissions $ 1.30 Variable administrative expense $ 0.80 Award: 10.00 points Required: 1. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 16,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 16,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 12,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 16,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 12,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 16,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? (Round per unit values to 2 decimal places.) 12,000 Units 16,000 Units 1. and 2. Variable cost per unit produced and sold 3. and 4. Total amount of variable cost related to units produced and sold 5. and 6. Average fixed manufacturing cost per unit produced 7. and 8. Total amount of fixed manufacturing overhead What is the incremental manufacturing cost incurred if the company increases production from 14,000 to 14,001 units? (Round your answer to 2 decimal places.) Total incremental manufacturing cost What is the incremental cost incurred if the company increases production and sales from 14,000 to 14,001 units? (Round your answer to 2 decimal places.) Total incremental cost Assume that Kubin Company produced 14,000 units and expects to sell 13,770 of them. If a new customer unexpectedly emerges and expresses interest in buying the 230 extra units that have been produced by the company and that would otherwise remain unsold, what is the incremental manufacturing cost per unit incurred to sell these units to the customer? Incremental manufacturing cost Assume that Kubin Company produced 14,000 units and expects to sell 13,770 of them. If a new customer unexpectedly emerges and expresses interest in buying the 230 extra units that have been produced by the company and that would otherwise remain unsold, what incremental selling and administrative cost per unit is incurred to sell these units to the customer? (Round your answer to 2 decimal places.) Total incremental selling and administrative cost per unit Show less [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 12,000 to 16,000 units. When it produces and sells 14,000 units, its average cost! unit are as follows: Direct materials Direct labor Variable manufacturing overhead Average Cost per Unit $ 7.30 $ 4.30 $1.80 $ 5.30 Fixed manufacturing overhead Fixed selling expense $ 3.80 Fixed administrative expense $ 2.80 Sales commissions $ 1.30 Variable administrative expense $ 0.80 Award: 10.00 points Required: 1. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 16,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 16,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 12,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 16,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 12,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 16,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? (Round per unit values to 2 decimal places.) 12,000 Units 16,000 Units 1. and 2. Variable cost per unit produced and sold 3. and 4. Total amount of variable cost related to units produced and sold 5. and 6. Average fixed manufacturing cost per unit produced 7. and 8. Total amount of fixed manufacturing overhead What is the incremental manufacturing cost incurred if the company increases production from 14,000 to 14,001 units? (Round your answer to 2 decimal places.) Total incremental manufacturing cost What is the incremental cost incurred if the company increases production and sales from 14,000 to 14,001 units? (Round your answer to 2 decimal places.) Total incremental cost Assume that Kubin Company produced 14,000 units and expects to sell 13,770 of them. If a new customer unexpectedly emerges and expresses interest in buying the 230 extra units that have been produced by the company and that would otherwise remain unsold, what is the incremental manufacturing cost per unit incurred to sell these units to the customer? Incremental manufacturing cost Assume that Kubin Company produced 14,000 units and expects to sell 13,770 of them. If a new customer unexpectedly emerges and expresses interest in buying the 230 extra units that have been produced by the company and that would otherwise remain unsold, what incremental selling and administrative cost per unit is incurred to sell these units to the customer? (Round your answer to 2 decimal places.) Total incremental selling and administrative cost per unit Show less
Expert Answer:
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
Students also viewed these accounting questions
-
A process is controlled with a fraction nonconforming control chart with three-sigma limits, n = 100, UCL = 0.161, center line = 0.080, and LCL = 0. (a) Find the equivalent control chart for the...
-
In Problem find and simplify the following, assuming h 0 in (C). (A) f(x + h) - f(x) (B) f(x + h) - f(x) (C) f (x) = x(x + 40) fx + h) - f(x)
-
The veterinarian suspects a bleeding disorder in a young mixed breed dog. He requests that you perform a BMBT test on the dog. What other piece of information is necessary with any coagulation test?
-
Consider the inspection described in Example 2.11. Six parts are selected randomly from a bin of 50 parts, but assume that the selected part is replaced before the next one is selected. The bin...
-
Quick Company reports the following revenues and expenses in its pretax financial income for the year ended December 31, 2007: Revenues ........$229,600 Expenses ............(160,100) Pretax...
-
Tr Exercise 2.24. Consider a two-state Markov chain with state space {0, 1} and the following transition probability matrix: 1 - P = q 1-9 For all choices of p, q, [0, 1] find all stationary...
-
14.Describe Energy Band Diagram, Valence Energy Band, Conduction Energy Band, Forbidden Energy Band?
-
Repeat Problem 13 when the corner frequency is \(0.45 \mathrm{rad} / \mathrm{sec}\) and the approximate low-frequency logarithmic magnitude is \(56.25 \mathrm{~dB}\). Data From Problem 13: The Bode...
-
Consider heat transfer through an insulated frame wall of a house. The thermal conductivity of the wall is \(0.055 \mathrm{~W} /\left(\mathrm{m} \cdot{ }^{\circ} \mathrm{C} ight)\). The wall is...
-
Show that the magnitude \(|G(j \omega)|=\frac{1}{\sqrt{\left[1-\left(\omega / \omega_{n} ight)^{2} ight]^{2}+\left(2 \zeta \omega / \omega_{n} ight)^{2}}}\) attains a maximum when...
-
The financial crisis that hit the United States first and then the world economy starting in fall 2007 meant that the future prospects of many firms looked gloomy at best for some time. Comment on...
-
LinkedIn (www.linkedin.com) is the largest and best-known social network for professionals. Many of you are probably already familiar with it. 1. Do you have a profile? If not, you might want to...
-
Crandell Co. forecasts monthly production of 20,000 units at a cost of $20 each. The cost breakdown is as follows: Labor...............2 hours per unit at $4 per hour Material............3 pounds per...
-
When the Department of Homeland Security created a color-coded system to prepare government officials and the public against terrorist attacks, what did it do right and what did it do wrong?
-
For a chordwise flexible airfoil obtain the quasi unsteady edge velocity, Eq. 8.41, and the suction force coefficient, Eq. 8.42, formulae assuming that the parabolic camber of the airfoil, whose...
-
Derive the equations of continuity, Eq. 8.44, and the vorticity transport, Eq. 8.45, for skewed coordinates as shown in Fig. 8.38. Eq. 8.44 Eq. 8.45 Fig. 8.38 de = tan -[-(h+WaLE) /U]
-
Obtain the quasi steady lift coefficient, Eq. 8.51, and the boundary layer edge velocity, Eq. 8.52 for a chordwise flexible and parabolically cambered thin airfoil whose equation is given by Eq....
Study smarter with the SolutionInn App