Kubin Company\'s relevant range of production is 28,000 to 31,500 units. When it

Question

Kubin Company's relevant range of production is 28,000 to 31,500 units. When it produces and sells 29,750 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Pixed manufacturing overhead Pixed selling expense Pixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit 8.80 5.80 S3.30 6.80 s5.30 s4.30 $2.80 2.30 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 29,750 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 29,750 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 31,50O units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 28,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product costs 2. Total amount of period costs incurred 3. Total amount of product costs 4. Total amount of period costs

Explanation / Answer

Value Formula used 1 Product Costs $        734,825 =(8.8+5.8+3.3+6.8)*29750 2 Period Costs $        437,325 =(5.3+4.3+2.8+2.3)*29750 3 Product Costs $        766,150 =(8.8+5.8+3.3)*31500+6.8*29750 4 Period Costs $        428,400 =(5.3+4.3)*29750+(2.8+2.3)*28000

Related Questions

Navigate

• Browse (All)
• Browse K
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.