Hep & Exit Submit Save Check my work 3 Kubin Company\'s relevant range of produc

Question

Hep & Exit Submit Save Check my work 3 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: 6 points Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount per Unit 8.40 $ 5.40 $2.90 $7.10 $4.90 $ 3.90 $2.40 $ 1.90 eBook Print References Required: 1. If 24,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 31,000 units are produced and sold. what is the variable cost per unit produced and sold? 3. If 24,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 31,000 units are produced and sold. what is the total amount of variable cost related to the units produced and sold? 5. If 24,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 31,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7.If 24,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? d manufacturing overhead incurred to support this level 8. if 31,000 units are produced, what is the total amount of fixe (Round per unit values to 2 decimal places.) Next >

Explanation / Answer

Note: The variable cost per unit remains the same at different levels of activity within the relevant range while the fixed cost per unit decreases with an increase in the level of activity within the relevant range. The total fixed costs remain unchanged at different levels of activity within the relevant range while the total variable cost increases with an increase in the level of activity within the relevant range.

1 Variable cost per unit 16.70 ($8.40 + $5.40 + $2.90) 2 Variable cost per unit 16.70 ($8.40 + $5.40 + $2.90) 3 Total amount of variable cost 400800 (24000 x $16.70) 4 Total amount of variable cost 517700 (31000 x $16.70) 5 Average fixed manufacturing cost per unit 8.14 (27500 x $7.10)/24000 6 Average fixed manufacturing cost per unit 6.30 (27500 x $7.10)/31000 7 Total amount of fixed manufacturing overhead 195250 (27500 x $7.10) 8 Total amount of fixed manufacturing overhead 195250 (27500 x $7.10)

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