Questions: Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: - Direct materials: 6.30 - Direct labor: 3.80 - Variable manufacturing overhead: 1.50 - Fixed manufacturing overhead: 4.00 - Fixed selling expense: 3.30 - Fixed administrative expense: 2.00 - Sales commissions: 1.00 - Variable administrative expense: 0.50 Required: 1. For financial accounting purposes, what is the total product cost incurred to make 10,000 units? Note: Do not round intermediate calculations.

Transcript text: Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: \begin{tabular}{lc} \hline & \begin{tabular}{c} Average Cost \\ Per Unit \end{tabular} \\ \hline Direct materials & $\$ 6.30$ \\ Direct labor & $\$ 3.80$ \\ Variable manufacturing overhead & $\$ 1.50$ \\ Fixed manufacturing overhead & $\$ 4.00$ \\ Fixed selling expense & $\$ 3.30$ \\ Fixed administrative expense & $\$ 2.00$ \\ Sales commissions & $\$ 1.00$ \\ Variable administrative expense & $\$ 0.50$ \\ \hline \end{tabular} Required: 1. For financial accounting purposes, what is the total product cost incurred to make 10,000 units? Note: Do not round intermediate calculations.