12345678910111 For Financial Accounting Purposes What Is ✓ Solved

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11. 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,400 units? Total product cost 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,400 units?

Total period cost 3. If 8,400 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.) Variable cost per unit sold 4. If 12,900 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.) Variable cost per unit sold 5. If 8,400 units are sold, what is the total amount of variable costs related to the units sold? Total variable cost 6.

If 12,900 units are sold, what is the total amount of variable costs related to the units sold? Total variable cost 7. If 8,400 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.) Average fixed manufacturing cost per unit 8. If 12,900 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.) Average fixed manufacturing cost per unit 9. If 8,400 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?

Total fixed manufacturing cost 10. If 12,900 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? Total fixed manufacturing cost 11-a. If 8,400 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? Total manufacturing overhead cost 11-b.

If 8,400 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.) Manufacturing overhead per unit 12-a. If 12,900 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? Total manufacturing overhead cost 12-b. If 12,900 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.) Manufacturing overhead per unit 13. If the selling price is .60 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.) Contribution margin per unit 14-a.

If 11,400 units are produced, what are the total amount of direct manufacturing costs incurred to support this level of production? Total direct manufacturing cost 14-b. If 11,400 units are produced, what are the total amount of indirect manufacturing costs incurred to support this level of production? Total indirect manufacturing cost 15. What total incremental cost will Martinez incur if it increases production from 10,400 to 10,401 units? (Round your answer to 2 decimal places.) Incremental cost per unit produced

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Assignment Solution for Financial Accounting

Financial accounting is essential for businesses to keep track of their costs, revenues, and profits. In this assignment, we tackle various aspects of cost accounting, including product costs, period costs, and overhead costs, amongst others, using hypothetical scenarios.

1. Total Product Costs Incurred to Make 10,400 Units

To arrive at the total product costs incurred in producing 10,400 units, we need a breakdown of direct materials, direct labor, and manufacturing overhead.
- Direct Materials: Cost of materials used per unit
- Direct Labor: Wages paid for production per unit
- Manufacturing Overhead: Indirect costs associated with production per unit
If we assume the following hypothetical costs:
- Direct Materials: per unit
- Direct Labor: