Kubin Company's relevant range of production is 10,000 to 12,000 units. When it produces and sells 11,000 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 $7.10 $ 4.10 $ 1.60 $5.10 $ 3.60 $ 2.60 $ 1.10 $ 0.60 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 11,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 12,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? (For all requirements, do not round intermediate calculations.)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Kubin Company's relevant range of production is 10,000 to 12,000 units. When it produces and sells 11,000 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
$ 7.10
$ 4.10
$ 1.60
$ 5.10
$ 3.60
1. Total amount of product costs
2. Total amount of period costs incurred
3. Total amount of product costs
4. Total amount of period costs
$ 2.60
$ 1.10
$ 0.60
Required:
1. For financial accounting purposes, what is the total amount of product costs incurred to make 11,000 units?
2. For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units?
3. For financial accounting purposes, what is the total amount of product costs incurred to make 12,000 units?
4. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units?
(For all requirements, do not round intermediate calculations.)
Transcribed Image Text:Kubin Company's relevant range of production is 10,000 to 12,000 units. When it produces and sells 11,000 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 $ 7.10 $ 4.10 $ 1.60 $ 5.10 $ 3.60 1. Total amount of product costs 2. Total amount of period costs incurred 3. Total amount of product costs 4. Total amount of period costs $ 2.60 $ 1.10 $ 0.60 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 11,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 12,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? (For all requirements, do not round intermediate calculations.)
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