Homework Answers
Total amount of product costs incurred to make 11000 units = 167200 dollars
Above answer is explained below in detail:
Product cost is the cost incurred to manufacture a product or providing a service.
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Financial accounting purposes, what is the total amount of product
costs incurred to make 11,000...
[The following information applies to the questions displayed below.] Martinez Company’s relevant range of production is...
[The following information applies to the questions displayed below.] Martinez Company’s relevant range of production is 8,500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs are as follows: Amount Per Unit Direct materials $ 6.10 Direct labor $ 3.60 Variable manufacturing overhead $ 1.40 Fixed manufacturing overhead $ 4.10 Fixed selling expense $ 3.10 Fixed administrative expense $ 2.10 Sales commissions $ 1.10 Variable administrative expense $ 0.55 2. For financial accounting purposes, what...
1. if 9,000 units are sold, what is the variable cost per unit sold? 2. if...
1. if 9,000 units are sold, what is the variable cost per unit
sold?
2. if 9,000 units are sold what is the total amount of
variable costs related to the units sold?
Martinez Company's relevant range of production is 8.500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount...
Foundational [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-6, LO 2-7] [The following information...
Foundational [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-6, LO 2-7] [The following information applies to the questions displayed below.] Martinez Company’s relevant range of production is 8,500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs are as follows: Amount Per Unit Direct materials $ 6.10 Direct labor $ 3.60 Variable manufacturing overhead $ 1.40 Fixed manufacturing overhead $ 4.10 Fixed selling expense $ 3.10 Fixed administrative expense $ 2.10 Sales commissions...
2. For financial accounting purposes, what is the total amount of period costs incurred to sell...
2. For financial accounting purposes, what is the total amount
of period costs incurred to sell 10,000 units?
3. If 8,000 units are produced and sold, what is the variable
cost per unit produced and sold?
4. If 8,000 units are produced and sold, what is the total
amount of variable costs related to the units produced and
sold?
5. If the selling price is $22.60 per unit, what is the
contribution margin per unit?
Required information [The following information...
Check my work Required information (The following information applies to the questions displayed below.) Martinez Company's...
Check my work Required information (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 $6.10 $3.60 $1.40 $4.00 $3.10 $2.10 $1.10 $0.55 5. If 8,000 units are produced...
1) For financial accounting purposes, what is the total amount of product costs incurred to make...
1) For financial accounting purposes, what
is the total amount of product costs incurred to make 10,000
units?
2) For financial accounting purposes, what is the total amount
of period costs incurred to sell 10,000 units?
3) If 8,000 units are produced and sold, what is the
variable cost per unit produced and sold?
4) If 12,500 units are produced and sold, what is the
variable cost per unit produced and sold?
5) If 8,000 units are produced and sold, what is the...
Check my work Required information The following information applies to the questions displayed below.] Martinez Company's...
Check my work Required information 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 $6.10 $3.60 $1.40 $4.00 $3.10 $2.10 $1.10 $0.55 12. If 12,500 units are produced,...
Please solve and explain: Martinez Company's relevant range of production is 8,500 units to 13,500 units....
Please solve and explain:
Martinez Company's relevant range of production is 8,500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administratlve expense Sales commissions Variable administrative expense Amount Per Unit $ 5.10 $2.60 $1.60 $3.10 $ 2.10 $ 2.10 $1.10 0.55
Martinez Company's relevant range of production is 8.500 units to 13,500 units. When It produces and...
Martinez Company's relevant range of production is 8.500 units to 13,500 units. When It produces and sells 11.000 units, Its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Vanable administrative expense Amount Per Unit $ 6.10 $3.60 $ 1.40 $ 4.10 $ 3.10 $ 2.10 $ 1.10 $0.55 8. If 13,500 units are produced, what is the average fixed manufacturing cost per unit produced? (Round...
Required information [The following information applies to the questions displayed below.} Martinez Company's relevant range of...
Required information [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: Average Cost Per Unit Direct materials $6.10 $3.60 $1.40 $4.00 $3.10 $2.10 $1.10 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $0.55 Required: 1. For financial accounting purposes, what is the...
1. if 9,000 units are sold, what is the variable cost per unit
sold?
2. if 9,000 units are sold what is the total amount of
variable costs related to the units sold?
Martinez Company's relevant range of production is 8.500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount...
2. For financial accounting purposes, what is the total amount
of period costs incurred to sell 10,000 units?
3. If 8,000 units are produced and sold, what is the variable
cost per unit produced and sold?
4. If 8,000 units are produced and sold, what is the total
amount of variable costs related to the units produced and
sold?
5. If the selling price is $22.60 per unit, what is the
contribution margin per unit?
Required information [The following information...
Check my work Required information (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 $6.10 $3.60 $1.40 $4.00 $3.10 $2.10 $1.10 $0.55 5. If 8,000 units are produced...
1) For financial accounting purposes, what
is the total amount of product costs incurred to make 10,000
units?
2) For financial accounting purposes, what is the total amount
of period costs incurred to sell 10,000 units?
3) If 8,000 units are produced and sold, what is the
variable cost per unit produced and sold?
4) If 12,500 units are produced and sold, what is the
variable cost per unit produced and sold?
5) If 8,000 units are produced and sold, what is the...
Check my work Required information 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 $6.10 $3.60 $1.40 $4.00 $3.10 $2.10 $1.10 $0.55 12. If 12,500 units are produced,...
Please solve and explain:
Martinez Company's relevant range of production is 8,500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administratlve expense Sales commissions Variable administrative expense Amount Per Unit $ 5.10 $2.60 $1.60 $3.10 $ 2.10 $ 2.10 $1.10 0.55
Martinez Company's relevant range of production is 8.500 units to 13,500 units. When It produces and sells 11.000 units, Its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Vanable administrative expense Amount Per Unit $ 6.10 $3.60 $ 1.40 $ 4.10 $ 3.10 $ 2.10 $ 1.10 $0.55 8. If 13,500 units are produced, what is the average fixed manufacturing cost per unit produced? (Round...
Required information [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: Average Cost Per Unit Direct materials $6.10 $3.60 $1.40 $4.00 $3.10 $2.10 $1.10 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $0.55 Required: 1. For financial accounting purposes, what is the...
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