50.1K

Verified Solution

Link Copied!

All 15 steps are for a single problem. Thank You

Check m Required information The Foundational 15 (L01-1, LO1-2, LO1-3, LO1-4, LO1-5, LO1-6) [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 $5.00 $2.50 $1.40 $4.00 $2.00 $2.20 $1.20 $0.45 Prev 2 3 ... 15 of 15 Next > misslon Variable administrative expense $1.20 S0.45 t 1 of 15 Foundational 1-1 6 nts 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.) eBook Print Total product cost $ 11 References Taw Prev 1 2 3 15 of 15 Next > cart 2 Check my work Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $2.00 $2.20 $1.20 S0.45 "art 2 of 15 Foundational 1-2 -66 Sints Skipped 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 eBook Print References Help Save & Exit Submit 3 Check my work Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense 34.00 $2.00 $2.20 $1.20 $0.45 Part 3 of 15 0.66 points Foundational 1-3 3. If 8,000 units are produced and sold, what is the variable cost per unit produced and sold? (Round your answer to 2 decimal places.) eBook Print Variable cost per unit sold References 0.66 points Foundational 1-4 4. If 12,500 units are produced and sold, what is the variable cost per unit produced and sold? (Round your answer to 2 decimal places.) ellook Print Variable cost per unit sold References 56 Ints Foundational 1-5 5. 18,000 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? (Do not round intermediate calculations.) eBook Print Total variable costs References 66 nts Foundational 1-6 eBook Print 6. If 12,500 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? (Do not round intermediate calculations.) References Total variable costs CS Foundational 1-7 eBook 7. If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced? Print Average fixed manufacturing cost per unit ferences Foundational 1-8 8. If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.) bok int Average fixed manufacturing cost per unit ences 5 Foundational 1-9 9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? eBook Print Total fixed manufacturing cost eferences Foundational 1-10 10. If 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? ok Total fixed manufacturing cost ences Foundational 1-11 11. 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? (Round your "per unit" answer to 2 decimal places and other answers to the nearest whole dollar amount.) Total manufacturing overhead cost Manufacturing overhead per unit rt 12 of 15 Foundational 1-12 56 ints 12. f12,500 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? (Round your "per unit" answer to 2 decimal places and other answers to the nearest whole dollar amount.) cBook Print Total manufacturing overhead cost Manufacturing overhead per unit References Foundational 1-13 ook int 13. If the selling price is $21.00 per unit, what is the contribution margin per unit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) ences Contribution margin per unit Foundational 1-14 14. If 10,000 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 ces Foundational 1-15 ok 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.) nces Incremental cost per unit produced

Answer & Explanation Solved by verified expert

See Answer