On January 1, 20x7, Collins Company changed the original economic life of its sugar beet harvesting machine from ten years to seven years. Collins paid 120,000 for the machine on December 31, 20x3. Collins marginal tax rate is 30%. How would Collins present this this change in accounting estimate on its 20x7 income statement A. In a disclosure note, reporting a decrease in net income of $21,000 B. In a disclosure note, reporting a decrease in net income of $9,000 C. The change would not require disclosure D. In a disclosure note, reporting a decrease in net income of $6,300

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?