Required 1 Required 2 Required 33. Assume the cost object is the company's various sales representatives. Furthermore, assume the company spent $146,250of its total fixed selling expense on advertising and the remainder of the total fixed selling expense comprised the fixedportion of the company's sales representatives' compensation.a. When the company sells 32,500 units, what is the total direct selling expense readily traceable to individual salesrepresentatives?Note: Round per unit value to 2 decimal places.b. When the company sells 32,500 units, what is the total indirect selling expense that cannot be readily traced to individualsales representatives?3a. Sales commissions per unit3a. Number of units sold3a. Total sales commission3a. Fixed portion of sales representatives' compensation3a. Total direct selling expense3b. The total indirect selling expense$3.0032,50097,50032,500$ 130,000$$130,000 XShow less ▲ !Required information[The following information applies to the questions displayed below.]Kubin Company's relevant range of production is 30,000 to 35,000 units. When it produces and sells 32,500 units, itsaverage costs per unit are as follows:Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadFixed selling expenseFixed administrative expenseSales commissionsVariable administrative expenseAverageCost perUnit$ 9.00$ 6.00$ 3.50$7.00$ 5.50$ 4.50$ 3.00$ 2.50

Name: Required 1 Required 2 Required 33. Assume the cost object is the comp
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Description: Required 1 Required 2 Required 33. Assume the cost object is the company's various sales representatives. Furthermore, assume the company spent $146,250of its total fixed selling expense on advertising and the remainder of the total fixed selling ex

Costs that can be directly linked to certain sales activity or items are known as direct selling…

Business

Accounting

Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 30,000 to 35,000 units. When it produces and sells 32,500 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 $ 9.00 $ 6.00 $ 3.50 $ 7.00 $ 5.50 $ 4.50 $ 3.00 $ 2.50

Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 30,000 to 35,000 units. When it produces and sells 32,500 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 $ 9.00 $ 6.00 $ 3.50 $ 7.00 $ 5.50 $ 4.50 $ 3.00 $ 2.50

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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Mega Corporation's relevant range of activity is 15,000 units to 20,000 units. When it produces and sells 15,000 units, its average costs per unit are as follows: Average Cost per Unit $5.90 $4.50 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $1.95 $10.00 O D. $26.20 $4.55 $1,90 $ 0.70 $0.75 If the selling price is $40.00 per unit, the contribution margin per unit sold is closest to: OA$13.95 OB. $6.50 OC. (3025)
The following costs related to Lillian Company: Variable Costs per unit: Direct materials $2.50 Direct labor $0.75 Overhead $1.25 Selling & Administrative $1.50 Fixed Costs: Overhead $10,000 Selling & Administrative $5,000 Each unit sells for $15.00. At a sales volume of 15,000 units, what is Lillian Company’s total cost?
Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 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 Total variable cost 2 5. If 8,000 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? (Do not round intermediate calculations.) W S X H # 3 E D C $ 4 - 2023-01...0.40 PM 2023-01...2.52 PM 2022-12...6.4. - 9 M AO < K -0 ) O O V H I' P A command
Required information [The following information applies to the questions displayed below.] Cane Company manufactures two products called Alpha and Beta that sell for $205 and $164, respectively. Each product uses only one type of raw material that costs $8 per pound. The company has the capacity to annually produce 127,000 units of each product. Its unit costs for each product at this level of activity are given below: Direct materials Direct labour Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Common fixed expenses Cost per unit Contribution margin per pound Alpha $40 Alpha 37 24 Beta 32 29 32 $194 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are deemed unavoidable and have been allocated to products based on sales dollars. Beta $ 24 30 22 12. What contribution margin per pound of raw material is earned by Alpha and Beta? (Round your answers to 2 decimal places.)…
Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 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 $6.00 $3.50 Average fixed manufacturing cost per unit $ 1.50 $ 4.00 $ 3.00 $2.00 $ 1.00 $ 0.50 7. If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced? Note: Round your answer to 2 decimal places.
Required information [The following information applies to the questions displayed below.] Cane Company manufactures two products called Alpha and Beta that sell for $185 and $120, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 112,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Direct materials Direct labor Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Common fixed expenses Total cost per unit Alpha $30 Answer is not complete. 22 20 24 20 23 $ 139 Financial advantage Beta $ 10 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 29 13 26 16 18 $112 8. Assume that Cane normally produces and sells 68,000 Betas and 88,000 Alphas per year. If Cane…
of of 15 of 15 Required information [The following information applies to the questions displayed below] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 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 $5.00 1.2.50 $ 1.40 Total manufacturing overhead cost $4.00 $2.00 $2.20 $1.20 $0.45 11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places.) Check my work
Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 6.50 Direct labor $ 4.00 Variable manufacturing overhead $ 1.60 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 3.50 Fixed administrative expense $ 2.20 Sales commissions $ 1.20 Variable administrative expense $ 0.45 9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?
Required information. Cost Classifications (Algo) [The following information applies to the questions displayed below] Kubin Company's relevant range of production is 26,000 to 35,500 units. When it produces and sells 30,750 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 $8.50 $5.60 $ 3.10 1. Total amount of product cost 2. Total amount of period cost 3. Total amount of product cost 4 Total amount of period cost $6.60 $5.10 $.4.10 $2.00 $2.10 Exercise 1-8 (Algo) Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 30,750 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 30,750 units? 3. For…
Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 5.50 Direct labor $ 3.00 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 2.50 Fixed administrative expense $ 2.00 Sales commissions $ 1.00 Variable administrative expense $ 0.50 3. If 8,000 units are produced and sold, what is the variable cost per unit produced and sold? (Round your answer to 2 decimal places.)
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