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Answered by sarahmrkhan on coursehero.com
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The Foundational 15 [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5,
LO1-6]
[The following information applies to the questions displayed below.]
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$5.10
Direct labor$2.60
Variable manufacturing
overhead$1.60
Fixed manufacturing
overhead $4.00
Fixed selling expense$2.10
Fixed administrative expense$2.10
Sales commissions$1.10
Variable administrative
expense$ 0.55
Foundational 1-1
Required:
1. For financial accounting purposes, what is the total amount of product
costs incurred to make 10,000 units? (Do not round intermediate
calculations.)
Total
product
cost
$133,000selected
answer correct
Garrison 16e Rechecks 2017-06-22
Explanation
1.
Direct materials$5.10
Direct labor 2.60
Variable manufacturing overhead 1.60
Variable manufacturing cost per unit$9.30
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