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 Average cost Per unit 5 6.70 $ 4.20 $ 1.40 5. 4.00 $ 3.70 $ 2.10 $ 1.10 $ 0.55 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? (Do not round Intermediate calculations.) Total product cost
Required Information {The following formation 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 Average cost Per unit 5.6.70 $.4.20 $ 1.40 14.00 $ 3.70 $ 2.10 $ 1.10 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? (Do not round Intermediate calculations.) Total period cost S 174,500
3 of 15 Required Information (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: Bool Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average cost Per Unit $ 6.70 5.4.20 $ 1.40 $ 4.00 $ 3.70 $ 2.10 5 1.18 $ 0.55 rint rences 3.11 8.000 units are produced and sold, what is the vartoble cost per unit produced and sold? (Round your answer to 2 decimal places.) Variable cost per un sold $ 1395
Required Information {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 Average cost Per Unit 5 6.70 $.4.20 $ 1.40 $4.00 5.3.70 $ 2.10 $ 1.10 $ 0.55 7. If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced? Average fixed manufacturing cost per unit
Required Information (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 Average Cost Per unit $ 5.70 $ 4.20 $ 1.40 5 4.00 $ 3.20 $ 2.10 $ 1.10 $ 0.55 B. Ir 12,500 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.) Average fuced manufacturing cost per unit
Required Information The following information applies to the questions displayed below) Marunez 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 Average cost Per Unit $ 6.70 5.4.20 5 1.40 5 4.00 $ 3.70 $ 2.10 $ 1.10 5 0.55 9. 118.000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? Total fixed manufacturing cost
! Required Information {The following information apples 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 Average cost Per unit Direct naterials $ 6.70 Direct labor $ 4.20 Variable manufacturing overhead $ 1.40 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 3.70 Fixed administrative expense $ 2.10 Sales commissions $ 1.10 Variable administrative expense $ 0.55 10. i 12.500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? Total fixed manufacturing cost Ε 3 5 2
11 ! 11 of 15 Required Information {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: Average cost Per unit Direct materials 5.6.70 Direct labor $ 4,20 Variable manufacturing overhead $ 1.40 Fixed manufacturing overhead $ 4.00 Fixed selling expense $1.70 Fixed administrative expense $ 2.10 Sales connessions 5 1.10 variable administrative expense $ 0.55 ped ook int D 11.1f 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? (Round your "per unit" answer to 2 decimal places.) ances Total manufacturing overhead cost Manufacturing overhead per unit
Required Information (The following information applies to the questions displayed below! Martinez Company's relevant range of production is 7500 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 comissions Variable administrative expense Average cost Per Unit 5.6.78 5.4.20 $ 1.40 $ 4.00 $ 3.70 $ 2110 $.1.10 $ 0.55 production? 12. i 12.500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places) Total manufacturing overhead cost Manufacturing overhead per unit
0 Required Information (The following information applies to the questions displayed below) Martinez Company's relevant range of production is 7500 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 Average cost Per unit $ 5.70 $ 4.20 $ 1.40 $ 4.00 $ 3.70 $ 2.10 5.1.10 $ 0.55 13. Ir the selling price is $22.70 per unit, what is the contribution margin per unit? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Contribution margin per unit
Required information 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 lobor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions variable administrative expense Average cost Per Unit 5 6.70 $ 4.20 $ 1.40 $4.00 $ 3.70 $ 2.10 $ 1.10 $ 0.55 14. i 12.000 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.) Total direct manufacturing cost Total indirect manufacturing cost
Required Information (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 Average cost Per Unit 5.6.70 5.4.20 5 1.40 $4.00 $ 3.70 $ 2.10 $ 1.10 5 0.55 15 What incremental manufacturing cost will Martinez incur if it increases production from 10,000 to 10.001 units? (Round your answer to 2 decimal places.) Incremental cost per unit produced
Foundational 15 Saved ! Required Information [The following information applies to the Foundational 15 Saved ! Required Information [The following information applies to the questions displayed below) Martin
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am