Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells...
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 | $ | 5.90 | |
| Direct labor | $ | 3.40 | |
| Variable manufacturing overhead | $ | 1.60 | |
| Fixed manufacturing overhead | $ | 4.00 | |
| Fixed selling expense | $ | 2.90 | |
| Fixed administrative expense | $ | 2.20 | |
| Sales commissions | $ | 1.20 | |
| Variable administrative expense | $ | 0.45 | |
14. If 10,000 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.)
Homework Answers
14.
| Direct Material | $ 59,000.00 | =10000*5.90 |
| Direct Labor | $ 34,000.00 | =10000*3.4 |
| Total Direct Manufacturing cost | $ 93,000.00 |
| Variable Manufacturing Overhead | $ 16,000.00 | =10000*1.6 |
| Fixed Manufacturing Overhead | $ 40,000.00 | =10000*4 |
| Total Indirect Manufacturing cost | $ 56,000.00 |
15.
Incremental Manufacturing cost = $5.90 + 3.40 + 1.60 = $10.90 per
unit
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Company’s relevant range of production is 7,500 units to 12,500
units. When it produces and sells...
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 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expensee Sales commissions Variable administrative expense Average Cost Per Unit $5.60 $3.10 $1.40 $4.00 $2.60 $2.20 $1.20 $0.45 12. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level...
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 $ 6.20 Direct labor $ 3.70 Variable manufacturing overhead $ 1.60 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 3.20 Fixed administrative expense $ 2.20 Sales commissions $ 1.20 Variable administrative expense $ 0.45 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 $ 6.20 Direct labor $ 3.70 Variable manufacturing overhead $ 1.60 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 3.20 Fixed administrative expense $ 2.20 Sales commissions $ 1.20 Variable administrative expense $ 0.45 3. If 8,000 units are produced and sold, what is the variable...
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 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 $5.60 $3.10 $1.40 $4.00 $2.60 $2.20 $1.20 $0.45 9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level...
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 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 $5.60 $3.10 $1.40 $4.00 $2.60 $2.20 $1.20 $0.45 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? (Do not...
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
$
5.80
Direct labor
$
3.30
Variable manufacturing
overhead
$
1.50
Fixed manufacturing
overhead
$
4.00
Fixed selling expense
$
2.80
Fixed administrative
expense
$
2.00
Sales commissions
$
1.00
Variable administrative
expense
$
0.50
1 .If 11,000 units are produced, what are the total amounts 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: Direet materials Direct Labor Variable manufacturing overhead Pixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost Per Unit $6.80 $4.30 $1.60 $4.00 $3.80 5 2.20 $1.20 $0.45 Foundational 1-7 7. 8,000 units are produced, what is the average fixed manufacturing cost per unit produced? Average faced...
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 $ 6.00 Direct labor $ 3.50 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 3.00 Fixed administrative expense $ 2.00 Sales commissions $ 1.00 Variable administrative expense $ 0.50 Foundational 1-13 13. If the selling price is $22 per unit, what...
. Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces...
. 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: 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 $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50 Foundational 1-15 15. What incremental manufacturing cost will Martinez incur if it increases production from 10,000 to 10,001 units?...
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 unlts, its average costs per unit are as follows Average Cost Per Unit $6.10 $ 3.60 $1.40 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense 4.00 $3.16 $ 2.10 $ 1.10 $0.55 Foundational 1-15 15, What incrementol manufacturing cost wll Mortinez incur if t Increases production from 10.000 10,001...
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 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expensee Sales commissions Variable administrative expense Average Cost Per Unit $5.60 $3.10 $1.40 $4.00 $2.60 $2.20 $1.20 $0.45 12. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level...
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 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 $5.60 $3.10 $1.40 $4.00 $2.60 $2.20 $1.20 $0.45 9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level...
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 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 $5.60 $3.10 $1.40 $4.00 $2.60 $2.20 $1.20 $0.45 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? (Do not...
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
$
5.80
Direct labor
$
3.30
Variable manufacturing
overhead
$
1.50
Fixed manufacturing
overhead
$
4.00
Fixed selling expense
$
2.80
Fixed administrative
expense
$
2.00
Sales commissions
$
1.00
Variable administrative
expense
$
0.50
1 .If 11,000 units are produced, what are the total amounts of...
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: Direet materials Direct Labor Variable manufacturing overhead Pixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost Per Unit $6.80 $4.30 $1.60 $4.00 $3.80 5 2.20 $1.20 $0.45 Foundational 1-7 7. 8,000 units are produced, what is the average fixed manufacturing cost per unit produced? Average faced...
. 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: 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 $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50 Foundational 1-15 15. What incremental manufacturing cost will Martinez incur if it increases production from 10,000 to 10,001 units?...
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When It produces and sells 10,000 unlts, its average costs per unit are as follows Average Cost Per Unit $6.10 $ 3.60 $1.40 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense 4.00 $3.16 $ 2.10 $ 1.10 $0.55 Foundational 1-15 15, What incrementol manufacturing cost wll Mortinez incur if t Increases production from 10.000 10,001...
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