Accounting Question Number 1

Jun 4th, 2015
Price: $5 USD

Question description

Martinez Company’s relevant range of production is 8,500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs are as follows:

Per Unit
 Direct materials $ 5.10
 Direct labor $ 2.60
 Variable manufacturing overhead $ 1.60
 Fixed manufacturing overhead $ 3.10
 Fixed selling expense $ 2.10
 Fixed administrative expense $ 2.10
 Sales commissions $ 1.10
 Variable administrative expense $ 0.55

For financial accounting purposes, what is the total amount of product costs incurred to make 11,000 units?

Tutor Answer

(Top Tutor) Daniel C.
School: Carnegie Mellon University

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Jun 4th, 2015
"excellent work as always thanks for the help"
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