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The Foundational 15 Martinez Company relevant range of production is 7500 units to 12,500 units. When it produces and sells 10,000 units, its cost...

1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units
The Foundational 15 Martinez Company relevant range of production is 7500 units to 12,500 units. When it produces and sells 10,000 units, its cost are as follows. 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units Direct materials Direct Labor Variable manufacturing overhead Variable manufacturing cost per unit Direct Materials $6.00 Direct labor $3.50 Variable manufacturing cost per unit Variable manufacturing overhead $1.50 Number of units produced Fixed manufacturing overhead $4.00 Total variable manufacturing cost Fixed selling expense $3.00 Fixed manufacturing overhead per unit Fixed administrative expense $2.00 Number of units produced Sales commissions $1.00 Total fixed manufacturing cost Variable administrative expense $0.50 Total product (manufacturing) cost 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units Sales commission Variable administrative expense Variable selling and administrative per unit Varible selling and admin. Per unit Number of units sold Total variable selling and admin. Expense Fixed selling and administrative expense per unit ($X fixed selling + $X fixed admin) Number of units sold Total fixed selling and administrative expense Total period (nonmanufacturing) cost 3. If 8,000 units are sold what is the variable cost per unit? Direct materials Direct labor Variable manufacturing overhead Sales commissions Variable administrative expense Variable cost per unit sold 4. If 12,500 units are sold what is the variable cost per unit? Direct materials Direct Labor Variable manufacturing overhead Sales commissions Variable administrative expense Variable cost per unit sold 5. If 8,000 units are sold what is the total amount of variable cost related to the units sold Variable cost per unit sold Number of units sold Total variable costs 6. If 12,500 units are sold what is the total amount of variable cost related to the units sold Variable cost per unit sold Number of units sold Total variable costs 7. If 8,000 units are produced what is the average fixed manufacturing cost per unit produced Total fixed manufacturing cost Number of units produced Average fixed manufacturing cost per unit produced 8. If 12,500 units are produced what is the average fixed manufacturing cost per unit produced Total fixed manufacturing cost Number of units produced Average fixed manufacturing cost per unit produced 9. If 8,000 units are produced what is the total amount of fixed manufacturing incurred to support this level of production Total fixed manufacturing cost 10. If 12,500 units are produced what is the total amount of fixed manufacturing incurred to support this level of production Total fixed manufacturing cost 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? Variable overhead per unit Number of units produced Total variable overhead cost Total fixed overhead Total manufacturing overhead cost Total manufacturing overhead cost Number of units produced Manufacturing overhead per unit 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? Variable overhead per unit Number of units produced Total variable overhead cost Total fixed overhead Total manufacturing overhead cost Total manufacturing overhead cost Number of units produced Manufacturing overhead per unit 13. If the selling price is $22 per unit, what is the contribution margin per unit sold? Selling price per unit Variable cost per unit sold Contribution margin per unit 14 If 11,000 units are produced what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production? Direct materials per unit Direct labor per unit Direct manufacturing cost per unit Number of units produced Total direct manufacturing cost Variable overhead per unit Number of units produced Total variable overhead cost Total fixed overhead Total indirect manufacturing cost 15. What total incremental cost will Martinez incur if it increases production from 10,000 to 10,001 t Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Incremential manufacturing cost per unit Amount per Unit
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Brief Exercise 1-4 High-Low Method Cheyenne Hotel Month Occupancy Days Electrical Costs January 2,604 $6,257 February 2,856 $6,550 March 3,534 $7,986 April 1,440 $4,022 May 540 $2,289 June 1,116 $3,591 July 3,162 $7,264 August 3,608 $8,111 September 1,260 $3,707 October 186 $1,712 November 1,080 $3,321 December 2,046 $5,196 Using the high-low method, estimate the fixed cost of electricity per month and the varied cost of electricity per occupancy day. Round off the fixed cost to the nearest whole dollar and the variable cost to the nearest whole cent 1. Occupancy Days Electrical Costs High Low Variable Cost Fixed Cost
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