FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- send to expert Required information Cost Classifications (Algo) Skip to question [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, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.60 Direct labor $ 4.60 Variable manufacturing overhead $ 2.10 Fixed manufacturing overhead $ 5.60 Fixed selling expense $ 4.10 Fixed administrative expense $ 3.10 Sales commissions $ 1.60 Variable administrative expense $ 1.10 Exercise 1 - 10 (Algo) Differential Costs and Sunk Costs [LO1 - 5] Required: What is the incremental manufacturing cost incurred if the company increases production from 17,000 to 17,001 units? What is the incremental cost incurred if the company increases production and sales from 17,000 to 17,001 units? Assume Kubin Company produced 17,000 units and expects to sell 16,740 of them. If a new customer unexpectedly…arrow_forwardPlease answer completearrow_forward! Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Ramort Company reports the following for its single product. Ramort produced and sold 20,600 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price Compute gross profit under absorption costing. $ 13 per unit $ 15 per unit $6 per unit $ 41,200 per year $2 per unit QS 19-9 (Algo) Computing gross profit under absorption costing LO P2 RAMORT COMPANY Gross Profit (Absorption Costing) $ 65,800 per year $ 69 per unitarrow_forward
- ! Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period 1 Units Produced Total Costs 0 $ 2,820 123456789 200 3,660 400 4,500 600 5,340 800 6,180 1,000 7,020 1,200 7,860 1,400 8,700 1,600 9,540 10 1,800 10,380 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 2,820 units are produced.arrow_forwardPlease do not give solution in image format thankuarrow_forwardplease answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)arrow_forward
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