Should be completed in Excel, each within its own tab in the Excel workbook. The
ID: 2640470 • Letter: S
Question
Should be completed in Excel, each within its own tab in the Excel workbook.
The Foundational 15 1. Direct materials Direct Labor Variable manufacturing overhead ____ Amount per Unit 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. 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. Direct materials Direct labor Variable manufacturing overhead Sales commissions Variable administrative expense ____ Variable cost per unit sold ____ 4. Direct materials Direct Labor Variable manufacturing overhead Sales commissions Variable administrative expense ____ Variable cost per unit sold ____ 5. Variable cost per unit sold Number of units sold Total variable costs 6. Variable cost per unit sold Number of units sold Total variable costs 7. Total fixed manufacturing cost Number of units produced Average fixed manufacturing cost per unit produced 8. Total fixed manufacturing cost Number of units produced Average fixed manufacturing cost per unit produced 9. Total fixed manufacturing cost 10. Total fixed manufacturing cost 11. 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. 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. Selling price per unit Variable cost per unit sold Contribution margin per unit ____ 14. 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. Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit ____ Incremential manufacturing cost per unit ____Explanation / Answer
Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? Answer: Direct materials $ 6.00 Direct Labor $ 3.50 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 4.00 Total Product Cost Per unit $ 15.00 Units 10,000 Total amount of product costs incurred to make 10,000 units $ 150,000.00 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? Fixed selling expense $ 3.00 Fixed administrative expense $ 2.00 Total $ 5.00 Units 10,000 Total amount of Period costs incurred to sell 10,000 units $ 50,000.00 3. If 8,000 units are sold, what is the variable cost per unit sold? Direct materials $ 6.00 Direct Labor $ 3.50 Variable manufacturing overhead $ 1.50 Sales commissions $ 1.00 Variable administrative expense $ 0.50 Variable cost per unit sold $ 12.50 4. If 12,500 units are sold, what is the variable cost per unit sold? Direct materials $ 6.00 Direct Labor $ 3.50 Variable manufacturing overhead $ 1.50 Sales commissions $ 1.00 Variable administrative expense $ 0.50 Variable cost per unit sold $ 12.50 5. If 8,000 units are sold, what is the amount of variable costs related to the units sold? Direct materials $ 6.00 Direct Labor $ 3.50 Variable manufacturing overhead $ 1.50 Sales commissions $ 1.00 Variable administrative expense $ 0.50 Variable cost per unit sold $ 12.50 Units 10,000 Amount of variable costs related to the units sold $ 125,000.00