of 4 ok ces Required information [The following information applies to the questions displayed below.]...

50.1K

Verified Solution

Question

Accounting

of 4 ok ces Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 12,000 to 16,000 units. When it produces and sells 14,000 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 $ 7.30 $ 4.30 $ 1.80 $ 5.30 $ 3.80 $ 2.80 1. Total product cost 2. Total period cost 3. Total product cost 4. Total period cost $ 1.30 $ 0.80 Required: 1. For financial accounting purposes, what is the total product cost incurred make 14,000 units? 2. For financial accounting purposes, what is the total period cost incurred to sell 14,000 units? 3. For financial accounting purposes, what is the total product cost incurred to make 16,000 units? 4. For financial accounting purposes, what is the total period cost incurred to sell 12,000 units? Note: For all requirements, do not round intermediate calculations.
image
Required information [The following information applies to the questions displayed below] Kubin Company's relevant range of production is 12,000 to 16,000 units. When it produces and sells 14,000 units, its average costs per unit are as follows: Required: 1. For financial accounting purposes, what is the total product cost incurred to make 14,000 units? 2. For financial accounting purposes, what is the total period cost incurred to sell 14,000 units? 3. For financial accounting purposes, what is the total product cost incurred to make 16,000 units? 4. For financial accounting purposes, what is the total period cost incurred to sell 12,000 units? Note: For all requirements, do not round intermediate calculations

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students