FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Required information
The Foundational 15 (Algo) [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, LO1-6]
[The following information applies to the questions displayed below.]
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 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
Total direct manufacturing cost
Total indirect manufacturing cost
Average Cost
per Unit
$6.60
$4.10
Foundational 1-14 (Algo)
14. If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of
production? (Do not round intermediate calculations.)
$ $
$ 1.50
$ 4.00
$3.60
$ 2.00
$ 1.00
$ 0.50
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Transcribed Image Text:! Required information The Foundational 15 (Algo) [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, LO1-6] [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 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 Total direct manufacturing cost Total indirect manufacturing cost Average Cost per Unit $6.60 $4.10 Foundational 1-14 (Algo) 14. If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production? (Do not round intermediate calculations.) $ $ $ 1.50 $ 4.00 $3.60 $ 2.00 $ 1.00 $ 0.50 < Prev 14 15 of 15 www --- Next >
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