a 1https:/ pter 1 6 average costs per unit are as follows Average Cost per Unit

Question

a 1https:/ pter 1 6 average costs per unit are as follows Average Cost per Unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense 7.80 $4.80 $ 2.30 ints eBook 5.80 4.30 $ 3.30 $ 1.80 1.30 Print Required 1. For financial accounting purposes, what is the total amount of product costs incurred to make 21.75 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 21,750 u 1 of 1 pe here to search 5 8

Explanation / Answer

Amount per unit Direct materials $7.8 Direct labor $4.8 Variable manufacturing overhead $2.3 Fixed manufacturing overhead $5.8 Fixed selling expense $4.3 Fixed administrative expense $3.3 Sales commissions $1.8 Variable administrative expense $1.3 1.For financial accounting purposes, what is the total amount of product costs incurred to make 21750 units? Amount per unit Total Cost = 21750 units x cost per unit Direct materials $7.8 $169,650 Direct labor $4.8 $104,400 Variable manufacturing overhead $2.3 $50,025 Total variable manufacturing cost $14.9 $324,075 Fixed manufacturing overhead $5.8 $126,150 Total product cost $20.7 $450,225 2)For financial accounting purposes, what is the total amount of period costs incurred to sell 21750 units Amount per unit Total Cost = 21,750 units x cost per unit Sales commissions $1.8 $39,150 Variable administrative expense $1.3 $28,275 Total Variable selling and administrative $3.1 $67,425 Fixed selling expense $4.3 $93,525 Fixed administrative expense $3.3 $71,775 Total fixed selling and administrative expense $7.6 $165,300 Total period (non-manufacturing) cost= TVC + TFC $10.7 $232,725 3).For financial accounting purposes, what is the total amount of product costs incurred to make 26500 units? Amount per unit Total Cost = 26500 units x cost per unit Direct materials $7.8 $206,700 Direct labor $4.8 $127,200 Variable manufacturing overhead $2.3 $60,950 Total variable manufacturing cost $14.9 $394,850 Fixed manufacturing overhead $5.8 $153,700 Total product cost $20.7 $548,550 4)For financial accounting purposes, what is the total amount of period costs incurred to sell 17000 units Amount per unit Total Cost = 21,750 units x cost per unit Sales commissions $1.8 $30,600 Variable administrative expense $1.3 $22,100 Total Variable selling and administrative $3.1 $52,700 Fixed selling expense $4.3 $73,100 Fixed administrative expense $3.3 $56,100 Total fixed selling and administrative expense $7.6 $129,200 Total period (non-manufacturing) cost= TVC + TFC $10.7 $181,900

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