Required information Cost Classifications (Static) [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 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 Variable administrative expense Average Cost per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Exercise 1-9 (Static) Fixed, Variable, and Mixed Costs [LO1-4] Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 18,000 units are produced and sold, what is the total variable cost related to the units produced and sold? 4. If 22,000 units are produced and sold, what is the total variable cost related to the units produced and sold? 5. If 18,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 22,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 18,000 units are produced, what is the total fixed manufacturing overhead incurred to support this level of production? 8. If 22,000 units are produced, what is the total fixed manufacturing overhead incurred to support this level of production? Note: Round per unit values to 2 decimal places. 1. and 2. Variable cost per unit produced and sold 3. and 4. Total variable cost related to units produced and sold 5. and 6. Average fixed manufacturing cost per unit produced 7. and 8. Total fixed manufacturing overhead 18,000 Units 22,000 Units
Required information Cost Classifications (Static) [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 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 Variable administrative expense Average Cost per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Exercise 1-9 (Static) Fixed, Variable, and Mixed Costs [LO1-4] Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 18,000 units are produced and sold, what is the total variable cost related to the units produced and sold? 4. If 22,000 units are produced and sold, what is the total variable cost related to the units produced and sold? 5. If 18,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 22,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 18,000 units are produced, what is the total fixed manufacturing overhead incurred to support this level of production? 8. If 22,000 units are produced, what is the total fixed manufacturing overhead incurred to support this level of production? Note: Round per unit values to 2 decimal places. 1. and 2. Variable cost per unit produced and sold 3. and 4. Total variable cost related to units produced and sold 5. and 6. Average fixed manufacturing cost per unit produced 7. and 8. Total fixed manufacturing overhead 18,000 Units 22,000 Units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
![Required information
Cost Classifications (Static)
[The following information applies to the questions displayed below.]
Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 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
Variable administrative expense
Average
Cost per
Unit
$ 7.00
$ 4.00
$ 1.50
$
5.00
$ 3.50
$ 2.50
$
1.00
$ 0.50
Exercise 1-9 (Static) Fixed, Variable, and Mixed Costs [LO1-4]
Required:
1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 22,000 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 18,000 units are produced and sold, what is the total variable cost related to the units produced and sold?
4. If 22,000 units are produced and sold, what is the total variable cost related to the units produced and sold?
5. If 18,000 units are produced, what is the average fixed manufacturing cost per unit produced?
6. If 22,000 units are produced, what is the average fixed manufacturing cost per unit produced?
7. If 18,000 units are produced, what is the total fixed manufacturing overhead incurred to support this level of production?
8. If 22,000 units are produced, what is the total fixed manufacturing overhead incurred to support this level of production?
Note: Round per unit values to 2 decimal places.
1. and 2. Variable cost per unit produced and sold
3. and 4. Total variable cost related to units produced and sold
5. and 6. Average fixed manufacturing cost per unit produced
7. and 8. Total fixed manufacturing overhead
18,000 Units 22,000 Units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff244e066-a55c-4f71-943f-e6f4af9d066c%2F9dd3f2a3-e362-48c0-9204-7a2986c4455d%2Fai7opa8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Cost Classifications (Static)
[The following information applies to the questions displayed below.]
Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 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
Variable administrative expense
Average
Cost per
Unit
$ 7.00
$ 4.00
$ 1.50
$
5.00
$ 3.50
$ 2.50
$
1.00
$ 0.50
Exercise 1-9 (Static) Fixed, Variable, and Mixed Costs [LO1-4]
Required:
1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 22,000 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 18,000 units are produced and sold, what is the total variable cost related to the units produced and sold?
4. If 22,000 units are produced and sold, what is the total variable cost related to the units produced and sold?
5. If 18,000 units are produced, what is the average fixed manufacturing cost per unit produced?
6. If 22,000 units are produced, what is the average fixed manufacturing cost per unit produced?
7. If 18,000 units are produced, what is the total fixed manufacturing overhead incurred to support this level of production?
8. If 22,000 units are produced, what is the total fixed manufacturing overhead incurred to support this level of production?
Note: Round per unit values to 2 decimal places.
1. and 2. Variable cost per unit produced and sold
3. and 4. Total variable cost related to units produced and sold
5. and 6. Average fixed manufacturing cost per unit produced
7. and 8. Total fixed manufacturing overhead
18,000 Units 22,000 Units
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education