2 1 of 2 Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 11,000 to 14,000 units. When it produces and sells 12,500 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.20 Direct labor $ 4.20 Variable manufacturing overhead $ 1.70 Fixed manufacturing overhead $ 5.20 Book Sales commissions Fixed selling expense $ 3.70 Fixed administrative expense $ 2.70 $ 1.20 Variable administrative expense $ 0.70 rint Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 12,500 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 12,500 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 14,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product cost 2. Total amount of period cost incurred 3. Total amount of product cost 4. Total amount of period cost

2 1 of 2 Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 11,000 to 14,000 units. When it produces and sells 12,500 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.20 Direct labor $ 4.20 Variable manufacturing overhead $ 1.70 Fixed manufacturing overhead $ 5.20 Book Sales commissions Fixed selling expense $ 3.70 Fixed administrative expense $ 2.70 $ 1.20 Variable administrative expense $ 0.70 rint Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 12,500 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 12,500 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 14,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units? (For all requirements, do not round intermediate calculations.) 1. Total amount of product cost 2. Total amount of period cost incurred 3. Total amount of product cost 4. Total amount of period cost

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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