What is the total amount of product costs

Reference no: EM131298435

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	$	5.70
Direct labor	$	3.20
Variable manufacturing overhead	$	1.60
Fixed manufacturing overhead	$	3.70
Fixed selling expense	$	2.70
Fixed administrative expense	$	2.10
Sales commissions	$	1.10
Variable administrative expense	$	0.55

1. Required:

1. For financial accounting purposes, what is the total amount of product costs incurred to make 11,000 units?

TOTAL PRODUCTION COST = _________?

2.
2. For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units?

TOTAL PERIOD COST = _________?
3.
3. If 9,000 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.)

VARIABLE COST PER UNIT SOLD = _________?
4.
4. If 13,000 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.)

VARIABLE COST PER UNIT SOLD = _________?

5.
5. If 9,000 units are sold, what is the total amount of variable costs related to the units sold?

TOTAL VARIABLE COST = _________?
6.
6. If 13,000 units are sold, what is the total amount of variable costs related to the units sold?

TOTAL PRODUCTION COST = _________?

7.
7. If 9,000 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.)

AVERAGE FIXED MANUFACTURING COST PER UNIT = _________?

8.
8. If 13,000 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.)

AVERAGE FIXED MANUFACTURING COST PER UNIT = _________?

9.
9. If 9,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?

TOTAL FIXED MANUFACTURING COST = _________?

10.
10. If 13,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?

TOTAL FIXED MANUFACTURING COST = _________?

11.
11-a. If 9,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?

TOTAL MANUFACTURING OVERHEAD COST = _________?

11-b. If 9,000 units are produced, What is this total amount of manufacturing overhead cost expressed on a per unit basis? (Round your answer to 2 decimal places.)

MANUFACTURING OVERHEAD PER UNIT = _________?

12.
12-a. If 13,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?

TOTAL MANUFACTURING OVERHEAD COST = _________?

12-b. If 13,000 units are produced, what is this total amount of manufacturing overhead cost expressed on a per unit basis? (Round your answer to 2 decimal places.)

MANUFACTURING OVERHEAD PER UNIT = _________?

13.

13. If the selling price is $21.70 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.)

CONTRIBUTION MARGIN PER UNIT = _________?

14.

Required:

14-a. If 12,000 units are produced, what are the total amounts of direct manufacturing costs incurred to support this level of production?

TOTAL DIRECT MANUFACTURING COST = _________?

14-b. If 12,000 units are produced, what are the total amounts of indirect manufacturing costs incurred to support this level of production?

TOTAL INDIRECT MANUFACTURING COST = _________?

15. What total incremental cost will Martinez incur if it increases production from 11,000 to 11,001 units? (Round your answer to 2 decimal places.)

INCREMENTAL COST PER UNIT PRODUCED= _________?

Reference no: EM131298435

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