Homework Answers
| Martinez Company | |||
| 10) | Fixed manufacturing cost incurred to support this level of production | $ 40,000.00 | |
| Total Fixed Manufacturing Cost=(Number of units produced *Fixed Manufacturing Overhead cost per unit) | |||
| Working | |||
| Units produced and sold=(I) | 10000 | ||
| Fixed manufacturing cost per unit=(II) | $ 4.00 | ||
| Fixed manufacturing cost to support this level of production=(I)*(II) | $ 40,000.00 | ||
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Martinez Company's relevant range of production is 7.500 units to 12,500 units. When it produces and...
Martinez Company's relevant range of production is 7.500 units to 12,500 units. When it produces and...
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 $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.se Foundational 1-9 9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support...
Martinez Company's relevant range of production is 7.500 units to 12,500 units. When it produces and...
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 $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 50.50 Foundational 1-3 3. If 8,000 units are produced and sold, what is the variable cost per unit produced and sold?...
Martinez Company's relevant range of production is 7.500 units to 12,500 units. When it produces and...
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 $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50 Foundational 1-2 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units?...
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and...
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 comissions Variable administrative expense Average Cost per Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $8.50 Foundational 1-14 14. If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred...
. Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces...
. 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 $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50 Foundational 1-15 15. What incremental manufacturing cost will Martinez incur if it increases production from 10,000 to 10,001 units?...
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and...
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 $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 se.se Foundational 1-12 12. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support...
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and...
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 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 50.50 Foundational 1-11 11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support...
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and...
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 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Unit $6.00 $3.50 $1.50 $4.08 $3.00 $2.00 $1.00 $8.50 Foundational 1-11 11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support...
Martinez Company's relevant range of production is 7.500 units to 12,500 units. When it produces and...
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 36.70 $4.20 $1.40 $4.00 53.70 5210 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? (Do not round...
Martinez Company's relevant range of production is 7.500 units to 12.500 units. When it produces and...
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 $6.00 $3.50 $ 1.50 $4.00 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $3.00 $2.00 $1.00 $0.50 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10.000 units?...
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 $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.se Foundational 1-9 9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support...
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 $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 50.50 Foundational 1-3 3. If 8,000 units are produced and sold, what is the variable cost per unit produced and sold?...
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 $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50 Foundational 1-2 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units?...
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 comissions Variable administrative expense Average Cost per Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $8.50 Foundational 1-14 14. If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred...
. 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 $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50 Foundational 1-15 15. What incremental manufacturing cost will Martinez incur if it increases production from 10,000 to 10,001 units?...
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 $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 se.se Foundational 1-12 12. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support...
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 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 50.50 Foundational 1-11 11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support...
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 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Unit $6.00 $3.50 $1.50 $4.08 $3.00 $2.00 $1.00 $8.50 Foundational 1-11 11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support...
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 36.70 $4.20 $1.40 $4.00 53.70 5210 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? (Do not round...
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 $6.00 $3.50 $ 1.50 $4.00 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $3.00 $2.00 $1.00 $0.50 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10.000 units?...
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