Glisan Corporation's relevant range of activity is 4,300 units to 8,300 units. When it produces and sells 6,300 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 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 6,300 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 6,300 units? c. If 5,300 units are sold, what is the total amount of variable costs related to the units sold? d. If the selling price is $24.35 per unit, what is the contribution margin per unit sold? Note: Round "Per unit" answer to 2 decimal places. a. Total product cost b. Total period cost c. Total variable costs d. Contribution margin per unit e. Incremental manufacturing cost Average Cost per Unit $ 7.20 $ 4.50 $ 3.10 e. What incremental manufacturing cost will the company incur if it increases production from 6,300 to 6,301 units? Note: Round "Per unit" answer to 2 decimal places. $ $6.00 $.75 $.60 $ 1.50 $ 0.55 15 X X

Glisan Corporation's relevant range of activity is 4,300 units to 8,300 units. When it produces and sells 6,300 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 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 6,300 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 6,300 units? c. If 5,300 units are sold, what is the total amount of variable costs related to the units sold? d. If the selling price is $24.35 per unit, what is the contribution margin per unit sold? Note: Round "Per unit" answer to 2 decimal places. a. Total product cost b. Total period cost c. Total variable costs d. Contribution margin per unit e. Incremental manufacturing cost Average Cost per Unit $ 7.20 $ 4.50 $ 3.10 e. What incremental manufacturing cost will the company incur if it increases production from 6,300 to 6,301 units? Note: Round "Per unit" answer to 2 decimal places. $ $6.00 $.75 $.60 $ 1.50 $ 0.55 15 X X

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Description: Glisan Corporation's relevant range of activity is 4,300 units to 8,300 units. When it produces and sells 6,300 units, its average costsper unit are as follows:Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadFi

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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