[The following information applies to the questions displayed below.]Kubin Company's relevant range of production is 14,000 to 20,500 units. When it produces and sells 17,250 units, itsaverage costs per unit are as follows:Average Cost perUnitDirect materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadFixed selling expenseFixed administrative expense7.504.502.005.504.003.00Sales commissions1.50Variable administrative expense1.00Requlred:1. If 14,000 units are produced and sold, what is the variable cost per unit produced and sold?2. If 20,500 units are produced and sold, what is the varlable cost per unit produced and sold?3. If 14,000 units are produced and sold, what is the total amount of varlable cost related to the units produced and sold?4. If 20,500 units are produced and sold, what is the total amount of varlable cost related to the units produced and sold?5. If 14,000 units are produced, what is the average fixed manufacturing cost per unit produced?6. If 20,500 units are produced, what is the average fixed manufacturing cost per unit produced?7. If 14,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?8. If 20,500 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?(Round per unlt values to 2 decimal places.)14,000 Units 20,500 Units1. & 2. Variable cost per unit produced and sold3. & 4. Total amount of variable cost related to units produced and sold5. & 6. Average fixed manufacturing cost per unit produced7. & 8. Total amount of fixed manufacturing overhead1A 1A 1A 161A 1A 1A

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Description: [The following information applies to the questions displayed below.]Kubin Company's relevant range of production is 14,000 to 20,500 units. When it produces and sells 17,250 units, itsaverage costs per unit are as follows:Average Cost perUnitDirect

The variable cost is directly related to the number of units produced. It is constant per unit but…

Business

Accounting

Kubin Company's relevant range of production is 14,000 to 20,500 units. When it produces and sells 17,250 units, its average costs per unit are as follows: Average Cost per Unit Direct materials Direct labor 7.50 4.50 Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense 2.00 5.50 4.00 3.00 Sales commissions 1.50 Variable administrative expense 1.00

Kubin Company's relevant range of production is 14,000 to 20,500 units. When it produces and sells 17,250 units, its average costs per unit are as follows: Average Cost per Unit Direct materials Direct labor 7.50 4.50 Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense 2.00 5.50 4.00 3.00 Sales commissions 1.50 Variable administrative expense 1.00

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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