User Account

All Pages

What is the total amount of product costs incurred

Assignment Help Accounting Basics
Reference no: EM13999293

Martinez Company's relevant range of production is 9,500 units to 14,500 units.  When it produces and sells 12,000 units, its unit costs are as follows:

Amount Per Unit

Direct materials                                  $ 6.20 

Direct labor                                        $ 3.70 

Variable manufacturing overhead         $ 1.60 

Fixed manufacturing overhead             $ 4.20 

Fixed selling expense                         $ 3.20 

Fixed administrative expense               $ 2.20 

Sales commissions                              $ 1.20 

Variable administrative expense           $ 0.45

1. For financial accounting purposes, what is the total amount of product costs incurred to make 12,000 units? 

2. For financial accounting purposes, what is the total amount of period costs incurred to sell 12,000 units? 

3. If 10,000 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.) 

4. If 14,500 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.) 

5. If 10,000 units are sold, what is the total amount of variable costs related to the units sold? 

6. If 14,500 units are sold, what is the total amount of variable costs related to the units sold? 

7. If 10,000 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.) 

8. If 14,500 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.) 

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

10. If 14,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? 

11-a. If 10,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? 

11-b. If 10,000 units are produced, what is the total amount of manufacturing overhead cost expressed on a per unit basis? (Round your answer to 2 decimal places.) 

12-a. If 14,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? 

12-b. If 14,500 units are produced, what is the total amount of manufacturing overhead cost expressed on a per unit basis? (Round your answer to 2 decimal places.) 

13. If the selling price is $22.20 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.) 

14-a. If 10,000 units are produced, what are the total amount of direct manufacturing costs incurred to support this level of production? 

14-b. If 10,000 units are produced, what are the total amount of indirect manufacturing costs incurred to support this level of production? 

15. What total incremental cost will Martinez incur if it increases production from 12,000 to 12,001 units? (Round your answer to 2 decimal places.)

Reference no: EM13999293

Questions Cloud

Determine the strength of the magnetic field : Choose the expression for the magnitude of the differential magnetic field, dB, generated at point A by the current moving through the segment of wire dl, in terms of given parameters and fundamental constants.
Prepare a summary journal entry to record the indicated cost : Prepare a summary journal entry to record the indicated costs assuming that the company uses the successful efforts method of accounting for exploration costs. All of the exploration costs were paid in cash.
What would be the appropriate hypotheses statements : Can you provide on when we might use each type? What would be the appropriate hypotheses statements for each example - comparing multiple sample means is simply an extension of what we covered last week.
How can you differentiate between a coenzyme : How can you differentiate between a coenzyme and cofactor? How do they affect a chemical reaction?
What is the total amount of product costs incurred : For financial accounting purposes, what is the total amount of product costs incurred to make 12,000 units?
Determine the velocity of the particle : A particle moving along a straight line has an acceleration which varies according ta position as shown. If the velocity of the particle at the position x = 5 ft is v = -2 ft/sec, determine the velocity when x = 9 ft.
What is net cash provided by operating activities : Which of the following would not be a component of cash flows from investing activities?
Calculations for the case in which the demand curve : The demand curve for a product is estimated to be given by the expression: q = 200 − π Calculate the price and the price elasticity of the demand for the following values of the demand: 0, 50, 100, 150 and 200. Repeat these calculations for the case ..
Discuss the benchmarking process : Define globalization and identify the role of strategic management in globalization. Discuss the benchmarking process

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd