Answer of Part 1:
Variable Cost per unit = Direct Material per unit + Direct Labor
per unit + Variable Manufacturing Overhead per unit + Variable
Administrative Expense + Sales Commissions
Variable Cost per unit = $8.90 + $5.90 + $3.40 + 2.90 + $2.40
Variable Cost per unit = $23.5
Answer of Part 2:
Variable Cost per unit = Direct Material per unit + Direct Labor
per unit + Variable Manufacturing Overhead per unit + Variable
Administrative Expense + Sales Commissions
Variable Cost per unit = $8.90 + $5.90 + $3.40 + 2.90 + $2.40
Variable Cost per unit = $23.5
Answer of Part 3:
Total Variable Cost = No. of Unit * Variable Cost per unit
Total Variable Cost = 29,000* $23.5
Total Variable cost = $681,500
Answer of Part 4:
Total Variable Cost = No. of Unit * Variable Cost per unit
Total Variable Cost = 33,000* $23.5
Total Variable cost = $775,500
Answer of Part 5:
Total Fixed Manufacturing Overhead = Fixed Manufacturing
Overhead per unit * No. of Unit Sold
Total Fixed Manufacturing Overhead = $6.90 * 31,000
Total Fixed Manufacturing Overhead = $213,900
Average Fixed Manufacturing Cost per unit = Fixed Manufacturing
Overhead / No. of Unit produced
Average Fixed Manufacturing Cost per unit = $213,900 / 29,000
Average Fixed Manufacturing Cost per unit =
$7.38
Answer of Part 6:
Total Fixed Manufacturing Overhead = Fixed Manufacturing
Overhead per unit * No. of Unit Sold
Total Fixed Manufacturing Overhead = $6.90 * 31,000
Total Fixed Manufacturing Overhead = $213,900
Average Fixed Manufacturing Cost per unit = Fixed Manufacturing
Overhead / No. of Unit produced
Average Fixed Manufacturing Cost per unit = $213,900 / 33,000
Average Fixed Manufacturing Cost per unit =
$6.48
Kubin Company's relevant range of production is 29,000 to 33,000 units. When it produces and sells...
Kubin Company’s relevant range of production is 29,000 to 33,000 units. When it produces and sells 31,000 units, its average costs per unit are as follows: Amount per Unit Direct materials $ 8.90 Direct labor $ 5.90 Variable manufacturing overhead $ 3.40 Fixed manufacturing overhead $ 6.90 Fixed selling expense $ 5.40 Fixed administrative expense $ 4.40 Sales commissions $ 2.90 Variable administrative expense $ 2.40 Required: 1. If 29,000 units are produced and sold, what is the variable cost...
Kubin Company’s relevant range of production is 29,000 to 33,000 units. When it produces and sells 31,000 units, its average costs per unit are as follows: Amount per Unit Direct materials $ 8.90 Direct labor $ 5.90 Variable manufacturing overhead $ 3.40 Fixed manufacturing overhead $ 6.90 Fixed selling expense $ 5.40 Fixed administrative expense $ 4.40 Sales commissions $ 2.90 Variable administrative expense $ 2.40 Required: 1. What is the incremental manufacturing cost incurred if the company increases...
Che Kubin Company's relevant range of production is 29,000 to 33,000 units. When it produces and sells 31.000 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 8.90 $5.90 $ 3.40 $ 6.90 $ 5.40 4.40 $ 2.90 $2.40 Required 1. For financial accounting purposes, what is the total amount of product costs incurred to...
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