In: Finance
[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 | $ | 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.
value:
3.00 points
Required information
Required: | |
1. |
For financial accounting purposes, what is the total amount of product costs incurred to make 11,000 units? |
2. |
For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units? |
3. |
If 9,000 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.) |
6. | If 13,000 units are sold, what is the total amount of variable costs related to the units sold? |
11-a. |
If 9,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? |
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.) |
7. |
If 9,000 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.) |
9. |
If 9,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? |
11-a. |
If 9,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? |
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.) |