Martinez Company's relevant range of production is 7,500 unitsto 12,500 units. When it produces...

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Accounting

Martinez Company's relevant range of production is 7,500 unitsto 12,500 units. When it produces and sells 10,000 units, its unitcosts are as follows: Amount per Unit Direct Materials $5.50,Direct Labor $3.00, Variable manufacturing overhead $1.50, FixedManufacturing overhead $3.50, Fixed selling expense $2.50, Fixedadministrative expense $2.00, Sales Commissions $1.00, and Variableadministrative expense $0.50.
1.)For financial accounting purposes, what is the total amountof product cost incurred to make 10,000 units?
2.)For financial accounting purposes, what is the total amountof period costs incurred to sell 10,000 units?
3.)If 8,000 units are sold, what is the variable cost per unitsold?
4.)If 12,500 units are sold, what is the variable cost per unitsold?
5.)If 8,000 units are sold, what is the total amount of variablecosts related to the units sold?
6.)If 12, 500 units are sold, what is the total amount ofvariable costs related to the units sold?
7.)If 8,000 units are produced, what is the average fixedmanufacturing cost per unit produced?
8.)If 12,500 units are produced, what is the average fixedmanufacturing cost per unit produced?
9.)If 8,000 units are produced, what is the total amount offixed manufacturing cost incurred to support this level ofproduction?
10.)If 12,500 units are produced, what is the total amount offixed manufacturing cost incurred to support this level ofproduction?
11.)If 8,000 units are produced, what is the total amount ofmanufacturing overhead cost incurred to support this level ofproduction? What is the total amount expressed on a per unitbasis?
12.)If 12,500 units are produced, what is the total amount ofmanufacturing overhead cost incurred to support this level ofproduction? What is the total amount expressed on a per unitbasis?
13.)If selling price is $22 per unit, what is the contributionmargin per unit sold?
14.)If 11,000 units are produced, what are the total amounts ofdirect and indirect manufacturing costs incurred to support thislevel of production?
15.)What total incremental cost will Martinez incur if itincreases production from 10,000 to 10, 001 units?

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SolutionGiven data representing in a tabular form 1 For financial accounting purposes whatis the total amount of product cost incurred to make 10000units2 For financial accounting purposes what is thetotal amount of period costs incurred to sell 10000units3 If 8000 units are sold what is the variable costper unit sold4 If 12500 units are sold what is the variablecost per unit soldVariable cost remains the same whatever the units produced andsoldSotherefore variable cost per unit Sold is1155 If 8000 units are sold what is thetotal amount of variable costs related to the units soldTotal variable cost for 8000 units Formula Variable cost per unit soldNoofunits1158000 See Answer

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In: AccountingMartinez Company's relevant range of production is 7,500 unitsto 12,500 units. When it produces and...Martinez Company's relevant range of production is 7,500 unitsto 12,500 units. When it produces and sells 10,000 units, its unitcosts are as follows: Amount per Unit Direct Materials $5.50,Direct Labor $3.00, Variable manufacturing overhead $1.50, FixedManufacturing overhead $3.50, Fixed selling expense $2.50, Fixedadministrative expense $2.00, Sales Commissions $1.00, and Variableadministrative expense $0.50.1.)For financial accounting purposes, what is the total amountof product cost incurred to make 10,000 units?2.)For financial accounting purposes, what is the total amountof period costs incurred to sell 10,000 units?3.)If 8,000 units are sold, what is the variable cost per unitsold?4.)If 12,500 units are sold, what is the variable cost per unitsold?5.)If 8,000 units are sold, what is the total amount of variablecosts related to the units sold?6.)If 12, 500 units are sold, what is the total amount ofvariable costs related to the units sold?7.)If 8,000 units are produced, what is the average fixedmanufacturing cost per unit produced?8.)If 12,500 units are produced, what is the average fixedmanufacturing cost per unit produced?9.)If 8,000 units are produced, what is the total amount offixed manufacturing cost incurred to support this level ofproduction?10.)If 12,500 units are produced, what is the total amount offixed manufacturing cost incurred to support this level ofproduction?11.)If 8,000 units are produced, what is the total amount ofmanufacturing overhead cost incurred to support this level ofproduction? What is the total amount expressed on a per unitbasis?12.)If 12,500 units are produced, what is the total amount ofmanufacturing overhead cost incurred to support this level ofproduction? What is the total amount expressed on a per unitbasis?13.)If selling price is $22 per unit, what is the contributionmargin per unit sold?14.)If 11,000 units are produced, what are the total amounts ofdirect and indirect manufacturing costs incurred to support thislevel of production?15.)What total incremental cost will Martinez incur if itincreases production from 10,000 to 10, 001 units?