Question
In: Accounting
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 | |||
| Direct materials | $ | 6.70 | |
| Direct labor | $ | 4.20 | |
| Variable manufacturing overhead | $ | 1.40 | |
| Fixed manufacturing overhead | $ | 4.00 | |
| Fixed selling expense | $ | 3.70 | |
| Fixed administrative expense | $ | 2.10 | |
| Sales commissions | $ | 1.10 | |
| Variable administrative expense | $ | 0.55 | |
9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?
10. If 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?
11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places and other answers to the nearest whole dollar amount.)
12. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places and other answers to the nearest whole dollar amount.)
13. If the selling price is $22.70 per unit, what is the contribution margin per unit? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
14. If 12,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production? (Do not round intermediate calculations.)
15. What incremental manufacturing cost will Martinez incur if it increases production from 10,000 to 10,001 units? (Round your answer to 2 decimal places.)
Solutions
ekkarill92 answered 2 years agoRelated Solutions
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 Direct
materials $ 5.70 Direct labor $ 3.20 Variable manufacturing
overhead $ 1.60 Fixed manufacturing overhead $ 4.00 Fixed selling
expense $ 2.70 Fixed administrative expense $ 2.10 Sales
commissions $ 1.10 Variable administrative expense $ 0.55
5. If 8,000 units are produced and sold, what is the total...
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
Direct materials
$
6.90
Direct labor
$
4.40
Variable manufacturing overhead
$
1.50
Fixed manufacturing overhead
$
4.00
Fixed selling expense
$
3.90
Fixed administrative expense
$
2.00
Sales commissions
$
1.00
Variable administrative expense
$
0.50
Required:
1. For financial accounting purposes, what is the total amount
of...
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
Direct
materials
$
6.40
Direct labor
$
3.90
Variable manufacturing
overhead
$
1.40
Fixed manufacturing
overhead
$
4.00
Fixed selling expense
$
3.40
Fixed administrative
expense
$
2.10
Sales commissions
$
1.10
Variable administrative
expense
$
0.55
For financial accounting purposes, what is the total amount of
product costs...
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
Direct
materials
$
5.60
Direct labor
$
3.10
Variable manufacturing
overhead
$
1.40
Fixed manufacturing
overhead
$
4.00
Fixed selling expense
$
2.60
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...
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 unit
costs are as follows: Amount per Unit Direct Materials $5.50,
Direct Labor $3.00, Variable manufacturing overhead $1.50, Fixed
Manufacturing overhead $3.50, Fixed selling expense $2.50, Fixed
administrative expense $2.00, Sales Commissions $1.00, and Variable
administrative expense $0.50.
1.)For financial accounting purposes, what is the total amount
of product cost incurred to make 10,000 units?
2.)For financial accounting purposes, what...
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 cost per unit are as follows
direct materials $6.40
direct labor $3.90
variable manufacturing overhead $1.40
fixed manufacturing overhead $4.00
fixed selling expense $3.40
fixed administrative expense $2.10
sales commission $1.10
variable administrative expenses $0.55
11) if 8,000 units are produced, what is the total
amount of manufacturing overhead cost incurred to support this
level of production?
total manufacturing...
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 unit
costs are as follows: Amount per Unit Direct Materials $5.70,
Direct Labor $3.20, Variable manufacturing overhead $1.60, Fixed
Manufacturing overhead $4.00, Fixed selling expense $2.70, Fixed
administrative expense $2.10, Sales Commissions $1.10, and Variable
administrative expense $0.55.
1.)For financial accounting purposes, what is the total amount
of product cost incurred to make 10,000 units?
2.)For financial accounting purposes, what...
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:
Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it producesand sells 10,000 units, its average costs per unit are as follows:Average Costper UnitDirect materials . . . . . . . . . . . . . . . . . . . . . . . . $6.00Direct labor . . . . . . . . . . . . . . . . . . . . . . . . ....
Martinez Company’s relevant range of production is 9,500 units to 14,500 units. When it produces and...
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 $ 5.40
Direct labor $ 2.90
Variable manufacturing overhead $ 1.60
Fixed manufacturing overhead$ 3.40
Fixed selling expense $ 2.40
Fixed administrative expense $ 2.10
Sales commissions $ 1.10
Variable administrative expense $ 0.55
1.) If the selling price is $21.40 per unit, what is the
contribution margin per unit...
Martinez Company’s relevant range of production is 9,500 units to 14,500 units. When it produces and...
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 $ 5.40
Direct labor $ 2.90
Variable manufacturing overhead $ 1.60
Fixed manufacturing overhead$ 3.40
Fixed selling expense $ 2.40
Fixed administrative expense $ 2.10
Sales commissions $ 1.10
Variable administrative expense $ 0.55
1.) If 10,000 units are produced, what is the total amount of
manufacturing overhead cost incurred...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- In humans, hypotrichosis (sparse body hair) is a rare autosomal recessive condition. Let h = hypotrichosis...
- Increase all of the listing prices by 5% for all listings under $500,000 and 10% for...
- Samsung Industry that requires you to act as a change agent to form an organizational change...
- Use fork() Create a program that reads characters from an input file. Use fork to create...
- A pension fund manager is considering three mutual funds. The first is a stock fund, the...
- Compute the cost of not taking the following cash discounts. (Use a 360-day year. Do not...
- During his project presentation, Bob falls sick and performs poorly. However, his colleague, Dan, concludes that...
ADVERTISEMENT