Buried Treasure Co.'s relevant range of production is 7,000 units to 13,000 units. When it produces and sells 10,000 units, its unit costs are as follows: Direct materials Direct labor..... Variable manufacturing overhead. Fixed manufacturing overhead. Fixed selling expense. Fixed administrative expense Sales commissions.. Variable administrative expense. .... .... .. Amount Per Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? 3. If 8,000 units are sold, what is the variable cost per unit sold? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units?
Buried Treasure Co.'s relevant range of production is 7,000 units to 13,000 units. When it produces and sells 10,000 units, its unit costs are as follows: Direct materials Direct labor..... Variable manufacturing overhead. Fixed manufacturing overhead. Fixed selling expense. Fixed administrative expense Sales commissions.. Variable administrative expense. .... .... .. Amount Per Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? 3. If 8,000 units are sold, what is the variable cost per unit sold? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units?
Buried Treasure Co.'s relevant range of production is 7,000 units to 13,000 units. When it produces and sells 10,000 units, its unit costs are as follows: Direct materials Direct labor..... Variable manufacturing overhead. Fixed manufacturing overhead. Fixed selling expense. Fixed administrative expense Sales commissions.. Variable administrative expense. .... .... .. Amount Per Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? 3. If 8,000 units are sold, what is the variable cost per unit sold? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units?
For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units?
For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units?
If 8,000 units are sold, what is the variable cost per unit sold?
If 12,500 units are sold, what is the variable cost per unit sold? _
If 8,000 units are sold, what is the total amount of variable costs related to the units sold?
If 12,500 units are sold, what is the total amount of variable costs related to the units sold?
If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced?
If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced?
If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?
If 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?
If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis?
If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis?
If the selling price is $22 per unit, what is the contribution margin per unit sold?
If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production?
What total incremental cost will Red Rose incur if it increases production from 10,000 to 10,001 units?
Transcribed Image Text:Buried Treasure Co.'s relevant range of production is 7,000 units to 13,000 units. When it produces and
sells 10,000 units, its unit costs are as follows:
Direct materials
Direct labor.....
....
Variable manufacturing overhead.
Fixed manufacturing overhead
Fixed selling expense
Fixed administrative expense.
Sales commissions.....
Variable administrative expense.
.......
Amount
Per Unit
Required:
1. For financial accounting purposes, what is the total amount of product costs incurred to make
10,000 units?
3. If 8,000 units are sold, what is the variable cost per unit sold?
$6.00
$3.50
$1.50
$4.00
$3.00
$2.00
$1.00
$0.50
2. For financial accounting purposes, what is the total amount of period costs incurred to sell
10,000 units?
4. If 12,500 units are sold, what is the variable cost per unit sold?
5. If 8,000 units are sold, what is the total amount of variable costs related to the units sold?
Definition Definition Total cost of procuring or producing a product or the cost that an individual or business owner undertakes for the manufacturing of goods.
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