Ravi Industries' relevant range of activity is 9,000 units to 12,000 units. When it produces and sells 11,000 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 Average Cost Per Unit $5.80 $2.90 $1.60 $13.90 $2.50 $1.80 $0.90 Variable administrative expense $0.60 For financial reporting purposes, what is the total amount of product costs incurred to make 11,000 units?

Ravi Industries' relevant range of activity is 9,000 units to 12,000 units. When it produces and sells 11,000 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 Average Cost Per Unit $5.80 $2.90 $1.60 $13.90 $2.50 $1.80 $0.90 Variable administrative expense $0.60 For financial reporting purposes, what is the total amount of product costs incurred to make 11,000 units?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

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