okt!Required information[The following information applies to the questions displayed below.]Kubin Company's relevant range of production is 15,000 to 19,000 units. When it produces and sells 17,000 units, itsaverage costs per unit are as follows:Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadFixed selling expenseFixed administrative expenseSales commissionsVariable administrative expenseAverage Costper Unit$ 7.60$ 4.60$ 2.10$ 5.60$4.10$ 3.10$ 1.60$ 1.10Required:1. If 15,000 units are produced and sold, what is the variable cost per unit produced and sold?2. If 19,000 units are produced and sold, what is the variable cost per unit produced and sold?3. If 15,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?4. If 19,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?5. If 15,000 units are produced, what is the average fixed manufacturing cost per unit produced?6. If 19,000 units are produced, what is the average fixed manufacturing cost per unit produced?7. If 15,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?8. If 19,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?(Round per unit values to 2 decimal places.)1. and 2. Variable cost per unit produced and sold3. and 4. Total amount of variable cost related to units produced and sold5. and 6. Average fixed manufacturing cost per unit produced7. and 8. Total amount of fixed manufacturing overhead15,000 Units 19,000 Units

Expenses that are directly related to the manufacturing or selling of goods and services are known…

Answered: Required: 1. If 15,000 units are…

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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If variable manufacturing costs are $18 per unit and total fixed manufacturing costs are $318,500, what is the manufacturing cost per unit if: a. 4,900 units are manufactured and the company uses the variable costing concept?$ b. 6,500 units are manufactured and the company uses the variable costing concept?$ c. 4,900 units are manufactured and the company uses the absorption costing concept?$ d. 6,500 units are manufactured and the company uses the absorption costing concept?$
If variable manufacturing costs are $13 per unit and total fixed manufacturing costs are $245,100, what is the manufacturing cost per unit if a. 4,300 units are manufactured and the company uses the variable costing concept?
If the total fixed costs Omr 75000, variable cost per unit Omr 15, contribution margin (CM) Omr 30 and sales 350000 Omr. The Margin of safety with value (OMR) is:
How much is the price charged per unit if breakeven point is 8,500 units, variable cost per unit is $150, and total fixed costs is $297,500?
Total Material cost is 500000 OMR Fixed cost is 0. Calculate Total Variable cost
Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $26,450 at its lowest level of activity, when 7,100 units were sold. When, at its highest level of activity, sales equaled 12,700 units, total costs were $39,890. What would be the estimated variable cost per unit be?
A paper published in the Harvard Business Review points out a new way to calculate economic profit that could be more appropriate for service firms and other people-intensive companies. Instead of focusing on investment and return on investment, the focus is on employee productivity, in terms of both generating revenues and reducing costs. The approach is to first determine economic profit in the conventional way, except that we ignore taxes, so that economic profit is before tax, as follows: Economic profit = Operating profit − Capital charge Assume the following information for a hotel chain that wishes to adopt the new method. The firm has $100 million in operating profit, has $1 billion in investment, and uses a cost of capital rate of 5%, so the capital charge is $50 million and the economic profit is $50 million. Relevant calculations are contained in Part 1 of the following schedule: Part 1: Economic Profit (in thousands, except cost of capital rate) Revenue $…
Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 7,425 $415,800 2,925 267,300 4,860 348,380 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $ per unit Total fixed cost: $ b. Based on part (a), estimate the total cost for 3,730 units of production. Total cost for 3,730 units: $
If variable manufacturing costs are $13 per unit and total fixed manufacturing costs are $626,400, what is the manufacturing cost per unit if: a. 7,200 units are manufactured and the company uses the variable costing concept?$fill in the blank 1 b. 8,700 units are manufactured and the company uses the variable costing concept?$fill in the blank 2 c. 7,200 units are manufactured and the company uses the absorption costing concept?$fill in the blank 3 d. 8,700 units are manufactured and the company uses the absorption costing concept?$fill in the blank 4
12.) If 12,500 units are sold, what is the total manufacturing overhead costs to support this production level? What is the manufacturing overhead cost per unit? 13.) If the selling price is P2,200 per unit, what is the contribution margin per unit sold?

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