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Kubin Company s relevant range of production is 18 000 to 22000 units When it produces and sells 20000 units its average costs per unit are as follows

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 . . . . . . . . . . . . . . . . . . . . . . . . . $7.00 Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4.00 Variable manufacturing overhead . . . . . . . . . . . $1.50 Fixed manufacturing overhead . . . . . . . . . . . . . $5.00 Fixed selling expense . . . . . . . . . . . . . . . . . . . . $3.50 Fixed administrative expense . . . . . . . . . . . . . . $2.50 Sales commissions . . . . . . . . . . . . . . . . . . . . . . $1.00 Variable administrative expense . . . . . . . . . . . $0.50 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?

Apr 16 2020 Read more Less More

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