MindTap Business Communication, 1 term (6 months) Printed Access Card for Guffey/Loewy's Essentials of Business Communication, 11th
11th Edition
ISBN: 9781337386555
Author: Mary Ellen Guffey, Dana Loewy
Publisher: Cengage Learning
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Chapter 12, Problem 15CT
Summary Introduction
To think critically about:
Mary Barra communicating with public about the scandal.
Introduction:
About Mary Barra revealing the company scandal to the public.
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provide correct answer accounting question
Kubin Company’s relevant range of production is 11,000 to 14,000 units. When it produces and sells 12,500 units, its average costs per unit are as follows:
Average Cost per Unit
Direct materials
$ 7.20
Direct labor
$ 4.20
Variable manufacturing overhead
$ 1.70
Fixed manufacturing overhead
$ 5.20
Fixed selling expense
$ 3.70
Fixed administrative expense
$ 2.70
Sales commissions
$ 1.20
Variable administrative expense
$ 0.70
Required:
For financial accounting purposes, what is the total product cost incurred to make 12,500 units?
For financial accounting purposes, what is the total period cost incurred to sell 12,500 units?
For financial accounting purposes, what is the total product cost incurred to make 14,000 units?
For financial accounting purposes, what is the total period cost incurred to sell 11,000 units?
Choose a manufacturing company then discuss the following:
First, name your company and list its main products and direct materials used.
What is spoilage?
Give an example of spoilage that might occur during the manufacturing of the company's product.
What is scrap?
Give an example of scrap that might occur during the manufacturing of the company's product.
What does rework mean?
Give an example of rework that might occur during the manufacturing of the company's product.
A leading manufacturer recently said, "What has been regarded as normal spoilage in the past will not acceptable as normal spoilage in the future?
What are they talking about?
What do you think are the external or internal factors that may affect the level of normal spoilage in the future?
Chapter 12 Solutions
MindTap Business Communication, 1 term (6 months) Printed Access Card for Guffey/Loewy's Essentials of Business Communication, 11th
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