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. for financial accounting purposes, what is the total amount of product costs incurred to make 17,250 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 17,250 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 20,500 units?



Answer :

tutorconsortium636

The total product costs incurred to make 20,500 units would be $615,000.

How do you calculate the total product costs?

Total product costs = (Direct materials cost per unit x Number of units) + (Direct labor cost per unit x Number of units)

= ($10 x 17,250) + ($20 x 17,250)

= $172,500 + $345,000

= $517,500

Total period costs = Total selling, general, and administrative expenses / Number of units sold

= $100,000 / 17,250

= $5.80 per unit

So, the total period costs incurred to sell 17,250 units would be $5.80 x 17,250 = $101,450.

Total product costs = (Direct materials cost per unit x Number of units) + (Direct labor cost per unit x Number of units)

= ($10 x 20,500) + ($20 x 20,500)

= $205,000 + $410,000

= $615,000

So, the total product costs incurred to make 20,500 units would be $615,000.

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