Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Financial Accounting Expert

Martinez Company’s relevant range of production is 10,100 units to 15,100 units. When it produces and sells 12,600 units, its unit costs are as follows:

Amount

Per Unit

Direct materials $ 5.90  

Direct labor $ 3.40  

Variable manufacturing overhead $ 1.60  

Fixed manufacturing overhead $ 3.90  

Fixed selling expense $ 2.90  

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 product costs incurred to make 12,600 units?

2. For financial accounting purposes, what is the total amount of period costs incurred to sell 12,600 units?

3. If 10,600 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.)

4. If 15,100 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal

5. If 10,600 units are sold, what is the total amount of variable costs related to the units sold?

6. If 15,100 units are sold, what is the total amount of variable costs related to the units sold?

7. If 10,600 units are produced, what is the average fixed manufacturing cost per unit produced? (Round

8. If 15,100 units are produced, what is the average fixed manufacturing cost per unit produced? (Round

9. If 10,600 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?

10. If 15,100 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?

11-a. If 10,600 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?

11-b. If 10,600 units are produced, what is the total amount of manufacturing overhead cost expressed on a per unit basis? (Round your answer to 2 decimal places.)

12-a. If 15,100 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?

12-b. If 15,100 units are produced, what is the total amount of manufacturing overhead cost expressed on a per unit basis? (Round your answer to 2 decimal places.)

13. If the selling price is $21.90 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.)

14-a. If 10,600 units are produced, what are the total amount of direct manufacturing costs incurred to support this level of production?

14-b. If 10,600 units are produced, what are the total amount of indirect manufacturing costs incurred to support this level of production?

15. What total incremental cost will Martinez incur if it increases production from 12,600 to 12,601 units? (Round your answer to 2 decimal places.)

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M92049578

Have any Question?


Related Questions in Financial Accounting

Asset retirement obligation changes in estimate versus

Asset Retirement Obligation, Changes in Estimate versus Errors, Writing an Issues Memo Facts: Mega¬Corp's corporate headquarters, built in 1970, has asbestos in its insulation. The Company's financial statements reflect ...

What has been strides position on dividend payouts in the

What has been Strides' position on dividend payouts in the past (pattern, relationship with earnings, etc.)? What factors affected its dividend policy?

Finance final exam -answer the following questions based on

FINANCE Final Exam - Answer the following questions based on the course presentation, text, and any outside relevant sources. Use citations and show your work where applicable. 1. Strategic and Financial Planning a. Defi ...

Part adbm financial solutionsyou are a financial consultant

Part A DBM Financial Solutions You are a financial consultant working with DBM Financial Solutions and have a portfolio of clients you work with in achieving financial management solutions. Client 1- Manhattan Limited Yo ...

Consider the following account starting balances and

Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions. The starting balance of Cash is ...

The ipl just signed sachin to a contract consisting of

The IPL just signed Sachin to a contract consisting of eight, end-of-year payments worth $9 million each, with the first payment precisely one year from today. On the other hand, Dhoni recent deal calls for six annual pa ...

In its first year of operations cullumber company

In its first year of operations, Cullumber Company recognized $31,800 in service revenue, $6,600 of which was on account and still outstanding at year-end. The remaining $25,200 was received in cash from customers. The c ...

Establish and maintain accounting info systems and provide

Establish and maintain accounting info systems and Provide management accounting information Assignment - Assignment 1 - Case Studies Case Study 1 - Review the case study information below and complete the steps mentione ...

Comprehensive problem - lou barlow a divisional manager for

Comprehensive Problem - Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five-year period. His annual pay raises are determined by his division's ...

Question 1 an organization owes pound300000 tax at 17x4 and

Question 1 . An organization owes £300,000 tax at 1.7.X4 and £450,000 at 30.6.X5. Its income statement for the year to 30.6.X5 includes a tax charge of £400,000. How much tax was actually paid in the year to 30.6.X5?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As