Kubin Company's relevant range of production is 21,000 to 25,000 units. When it produces and sells 23,000 units, itsaverage costs per unit are as follows:Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadFixed selling expenseFixed administrative expenseSales commissionsVariable administrative expenseAverageCost perUnit$ 8.10$ 5.10$ 2.60Exercise 1-8 (Algo) Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4]1. Total amount of product cost2. Total amount of period cost incurred3. Total amount of product cost4. Total amount of period cost$6.10$4.60$ 3.60$ 2.10$ 1.60Required:1. For financial accounting purposes, what is the total amount of product costs incurred to make 23,000 units?2. For financial accounting purposes, what is the total amount of period costs incurred to sell 23,000 units?3. For financial accounting purposes, what is the total amount of product costs incurred to make 25,000 units?4. For financial accounting purposes, what is the total amount of period costs incurred to sell 21,000 units?(For all requirements, do not round intermediate calculations.)$ 503,700

Product costs are the costs directly related to a product's production. Product cost includes - Raw…

1. For financial accounting purposes, what is the total amount of product costs incurred to make 23,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 23,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 25,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 21,000 units?

1. For financial accounting purposes, what is the total amount of product costs incurred to make 23,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 23,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 25,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 21,000 units?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 5EA: Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost...

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