Managerial Accounting and Cost Concepts connect The Available with McGraw-Hill\'
ID: 2542207 • Letter: M
Question
Managerial Accounting and Cost Concepts connect The Available with McGraw-Hill's Connect Accounting. nez Company's relevant range of production is 7,500 units to 12,500 units. When it produces sells 10,000 units, its unit costs are as follows: 4, 6, 7 and Per Unit $6.00 $3.50 Direct labor Variable manufacturing overhead Fixed manufacturing overhead . Fixed selling expense Fixed administrative expense- ,·····..·.. .·.. .. Sales commissions Variable administrative expense $1.50 $4.00 $3.00 $2.00 $1.00 $0.50 .. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? 1. 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? 3. If 8,000 units are sold, what is the variable cost per unit sold? 4. If 12,500 units are sold, what is the variable cost per unit sold? 5. If 8,000 units are sold, what is the total amount of variable costs related to the units sold? 6. If 12,500 units are sold, what is the total amount of variable costs related to the units sold? 7. If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced? 8. If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced? 9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? to support this level of production? to support this level of production? What is this total amount expressed on a per unit basis? 10. If 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred Ir 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred 2 If 12,500 units are produced, what is the total amount of manufacturing overhead cost 13. If incurred to support this level of production? What is this total amount expressed on a per unit basis? selling price is $22 per unit, what is the contribution margin per unit sold? If 11,000 units are produced, costs incurred to support this level of production? What total incremental cost will Martinez incur if 10,001 units? what are the total amounts of direct and indirect manufacturing it increases production from 10,000 to I5.Explanation / Answer
As per Chegg Policy, we are required to answer first 4 questions
1) Total Amount of product cost to make 10000 units is=
Direct Material + Direct Labour+Vairable Manufacturing overhead+Fixed Manufacturing overhead=
=6+3.5+1.5+4 = 15
Total Cost = 10000*15= $ 150000
2. Amount of cost incurred to sell 10000 units
Fixed and Variable admin expense+Fixed Selling expense+Sales commission
= 2.5+3+1= 6.5
S0 Total Selling cost = 6.5*10000= $65000
3. Variable Cost per unit sold( When 8000 units sold)
Direct Material + Direct Labour + Variable Manufacturing overhead + Sales Commission +Variable admin
=6+3.5+1.5+1+.5=12.5
4. Vairbale Cost per Unit Sold will also remain same in this case i.e. when 12500 units sold
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