Kubin Company's relevant range of production is 21,000 to 25,000 units. When it produces and sells 23,000 units, itsaverage costs per unit are as follows:Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadFixed selling expenseFixed administrative expenseSales commissionsVariable administrative expenseAverageCost perUnit$ 8.10$ 5.10$ 2.60Exercise 1-8 (Algo) Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4]1. Total amount of product cost2. Total amount of period cost incurred3. Total amount of product cost4. Total amount of period cost$6.10$4.60$ 3.60$ 2.10$ 1.60Required:1. For financial accounting purposes, what is the total amount of product costs incurred to make 23,000 units?2. For financial accounting purposes, what is the total amount of period costs incurred to sell 23,000 units?3. For financial accounting purposes, what is the total amount of product costs incurred to make 25,000 units?4. For financial accounting purposes, what is the total amount of period costs incurred to sell 21,000 units?(For all requirements, do not round intermediate calculations.)$ 503,700

Product costs are the costs directly related to a product's production. Product cost includes - Raw…

1. For financial accounting purposes, what is the total amount of product costs incurred to make 23,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 23,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 25,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 21,000 units?

1. For financial accounting purposes, what is the total amount of product costs incurred to make 23,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 23,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 25,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 21,000 units?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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