Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Unit $7.70 $ 4.70 1. Total amount of product cost 2. Total amount of period cost incurred 3. Total amount of product cost 4. Total amount of period cost $2.20 $ 5.70 $ 4.20 $ 3.20 $ 1.70 $ 1.20 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,250 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 20,250 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 24,500 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 16,000 units? (For all requirements, do not round intermediate calculations.)
Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Unit $7.70 $ 4.70 1. Total amount of product cost 2. Total amount of period cost incurred 3. Total amount of product cost 4. Total amount of period cost $2.20 $ 5.70 $ 4.20 $ 3.20 $ 1.70 $ 1.20 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,250 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 20,250 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 24,500 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 16,000 units? (For all requirements, do not round intermediate calculations.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
[The following information applies to the questions displayed below.]
Kubin Company's relevant range of production is 16,000 to 24,500 units. When it produces and sells 20,250 units, its
average costs per unit are as follows:
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Fixed selling expense
Fixed administrative expense
Sales commissions
Variable administrative expense
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Fixed selling expense
Fixed administrative expense
Sales commissions
Variable administrative expense
Average
Cost per
Unit
$7.78
$4.70
$2.20
$5.70
Required:
1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,250 units?
2. For financial accounting purposes, what is the total amount of period costs incurred to sell 0,250 units?
3. For financial accounting purposes, what is the total amount of product costs incurred to make 24,500 units?
4. For financial accounting purposes, what is the total amount of period costs incurred to sell 16,000 units?
1. Total amount of product cost
2. Total amount of period cost incurred
3. Total amount of product cost
4. Total amount of period cost
$ 4.20
$ 3.20
$ 1.70
$ 1.20
Unit
$ 7.70
$ 4.70
$2.20
$ 5.70
$ 4.20
$ 3.20
$ 1.70
$ 1.20
Required:
1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,250 units?
2. For financial accounting purposes, what is the total amount of period costs incurred to sell 20,250 units?
3. For financial accounting purposes, what is the total amount of product costs incurred to make 24,500 units?
4. For financial accounting purposes, what is the total amount of period costs incurred to sell 16,000 units?
(For all requirements, do not round intermediate calculations.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d7e18a0-3808-4d58-a7a5-3cb485d794b8%2Fc1e282ef-72b8-4ab8-8e65-6f3e8e33c9a4%2Ftehrhgr_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Kubin Company's relevant range of production is 16,000 to 24,500 units. When it produces and sells 20,250 units, its
average costs per unit are as follows:
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Fixed selling expense
Fixed administrative expense
Sales commissions
Variable administrative expense
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Fixed selling expense
Fixed administrative expense
Sales commissions
Variable administrative expense
Average
Cost per
Unit
$7.78
$4.70
$2.20
$5.70
Required:
1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,250 units?
2. For financial accounting purposes, what is the total amount of period costs incurred to sell 0,250 units?
3. For financial accounting purposes, what is the total amount of product costs incurred to make 24,500 units?
4. For financial accounting purposes, what is the total amount of period costs incurred to sell 16,000 units?
1. Total amount of product cost
2. Total amount of period cost incurred
3. Total amount of product cost
4. Total amount of period cost
$ 4.20
$ 3.20
$ 1.70
$ 1.20
Unit
$ 7.70
$ 4.70
$2.20
$ 5.70
$ 4.20
$ 3.20
$ 1.70
$ 1.20
Required:
1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,250 units?
2. For financial accounting purposes, what is the total amount of period costs incurred to sell 20,250 units?
3. For financial accounting purposes, what is the total amount of product costs incurred to make 24,500 units?
4. For financial accounting purposes, what is the total amount of period costs incurred to sell 16,000 units?
(For all requirements, do not round intermediate calculations.)
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