Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range...
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Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 25,000 to 33,500 units. When it produces and sells 29,250 units, its average costs per unit are as follows: Required: 1. For financial accounting purposes, what is the TOTAL product cost incurred to make 29,250 units? 2. For financial accounting purposes, what is the TOTAL period cost incurred to sell 29,250 units? 3. For financial accounting purposes, what is the TOTAL product cost incurred to make 33,500 units? 4. For financial accounting purposes, what is the TOTAL period cost incurred to sell 25,000 units? Note: For all requirements, do not round intermediate calculations. Hint - When calculating the TOTAL product or period cost, make sure to include both variable and fixed costs
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Required information [The following information applies to the questions displayed below.] Kubin Company's relevant range of production is 25,000 to 33,500 units. When it produces and sells 29,250 units, its average costs per unit are as follows: Required: 1. For financial accounting purposes, what is the TOTAL product cost incurred to make 29,250 units? 2. For financial accounting purposes, what is the TOTAL period cost incurred to sell 29,250 units? 3. For financial accounting purposes, what is the TOTAL product cost incurred to make 33,500 units? 4. For financial accounting purposes, what is the TOTAL period cost incurred to sell 25,000 units? Note: For all requirements, do not round intermediate calculations. Hint - When calculating the TOTAL product or period cost, make sure to include both variable and fixed costs 