Question

what is the answer to 4 because everytime i do it i get it wrong

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

1. Product costs for 17,250 units Manufacturing variable costs Direct materials 7.50 Direct labor 4.50 Variable manufacturing overhead 2.00 Total Variable manufacturing cost per unit 14.00 Fixed manufacturing overhead per unit 5,50 Number of units produced Total fixed manufacturing costs (17,250 x $ 5.50) 17,250 94,875 Number of units sold 17,250 Variable manufacturing costs (17,250 x $ 14) Fixed manufacturing costs 241,500 94,875 Total product costs 336,375

2) Period costs for 17,250 units Fixed administrative costs Fixed selling expenses 3.00 4.00 Total fixed administrative and selling expense 7.00 Number of units produced Fixed administrative and selling expense (17,250 x $ 7) 17,250 120,750 Variable selling and administrative expense per unit Sales commission 1.50 Variable administrative expense 1.00 Variable selling and administrative expense per unit 2.50 Total period costs Variable selling and administrative expense (17,250 x$2.50) 43,125 Fixed selling and administrative expense 120,750 Total amount of period costs incurred 163,875 3) Product costs for 20,500 units Variable manufacturing cost per unit 14.00 Variable manufacturing cost (20,500 x$ 14) 287,000 Fixed manufacturing costs 94,875 Total Product costs for 20,500 units 381,875 4) Period costs for 14,000 units Variable selling and adminsitrative expense per unit 2.50 Variable selling and adminsitrative expense (14,000 x $ 2.50) 35,000 Fixed selling and administrative expense 120,750 Total Period costs for 14,000 units 155,750