Question

for the bottom two the equation that i used for the first two didn't work. what numbers are you supposed to use to get this. I dont even know where to start

Exercise 1-8 Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Kubin Company's relevant range of production is 14,000 to 20,500 units. When it produces and sells 17,250 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 7.50 $ 4.50 $ 2.00 $5.50 $ 4.00 $ 3.00 $ 1.50 $ 1.00 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 17,250 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 17,250 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 20,500 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 14,000 units? (For all requirements, do not round intermediate calculations.) $ $ 336,375 163,875 1. Total amount of product costs 2. Total amount of period costs incurred 3. Total amount of product costs 4. Total amount of period costs

Answer 1

		PRODUCT COST:
		Product Cost includes :
		Direct Materials
		Direct Labor
		Manufacturing Overhead
		Note: Fixed cost remains constant
			A	B=A*17250	C=A*20500
			Average	Variable Costs for
			Cost per unit	17250 units	20500 units
	x	Direct Materials	$7.50	$129,375	$153,750
	y	Direct Labor	$4.50	$77,625	$92,250
	x	Variable Manufacturing Overhead	$2.00	$34,500	$41,000
	D=x+y+z	Total Variable Production costs		$241,500	$287,000
	E	Fixed Manufacturing Overhead($5.50*17250)		$94,875	$94,875
	F=D+E	Total amount of product cost		$336,375	$381,875
		Total amount of product cost to make 17250 units	$336,375
		Total amount of product cost to make 20500 units	$381,875
		PERIOD COST:
		Period Cost includes:
		Selling expense
		Administrative expense
		Sales Commission
			A	B=A*17250	C=A*20500
			Average	Variable Costs for
			Cost per unit	17250 units	20500 units
	x	Sales Commission	$1.50	$25,875	$30,750
	y	Variable Administrative expense	$1.00	$17,250	$20,500
	D=x+y	Total Variable Period costs		$43,125	$51,250
	E	Fixed Selling Expense($4*17250)		$69,000	$69,000
	F	Fixed Administrative Expense($3*17250)		$51,750	$51,750
	G=D+E+F	Total amount of Period cost		$163,875	$172,000
		Total amount of product cost to make 17250 units	$163,875
		Total amount of product cost to make 20500 units	$172,000
		Total Period Cost of 14000 units Sales Commission =1.5*14000=$21,000 Variable Administrative Expense =1*14000=$14,000 Fixed Selling Expense=$69,000 Fixed administrative Expense=$51,750 Total Period Cost =21000+14000+69000+51750=	$155,750