Chapter 1: Cost Concepts Luxe Corporation has provided the following information regarding a single product: Direct mate

[answerhappygod]

Chapter 1 Cost Concepts Luxe Corporation Has Provided The Following Information Regarding A Single Product Direct Mate 1 (36.84 KiB) Viewed 12 times

Chapter 1 Cost Concepts Luxe Corporation Has Provided The Following Information Regarding A Single Product Direct Mate 2 (57.25 KiB) Viewed 12 times

Chapter 1: Cost Concepts Luxe Corporation has provided the following information regarding a single product: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit Cost per Period $7.05 $3.65 $1.60 $1.50 $0.55 $113,400 $36,450
1. For financial reporting purposes, what is the total amount of product costs incurred to make 9,000 units? 2. For financial reporting purposes, what is the total amount of period costs incurred to sell 9,000 units? 3. If 10,000 units are sold, what is the variable cost per unit sold? 4. If 10,000 units are sold, what is the total amount of variable costs related to the units sold? 5. If 10,000 units are produced, what is the total amount of manufacturing overhead cost incurred? 6. If the selling price is $21.60 per unit, what is the contribution margin per unit sold? 7. If 8,000 units are produced, what is the total amount of direct manufacturing cost incurred? 8. If 8,000 units are produced, what is the total amount of indirect manufacturing costs incurred?