Relevant range and fixed and variable costs OBJ. 1 Quigley Inc. manufactures memory chips for electronic toys
Question:
Relevant range and fixed and variable costs OBJ. 1 Quigley Inc. manufactures memory chips for electronic toys within a relevant range of 200,000 to 600,000 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
Components produced. . . . . . . . . . . . . . . . . 200,000 400,000 600,000 Total costs:
Total variable costs. . . . . . . . . . . . . . . . . . $ 250,000
(d) (j)
Total fixed costs. . . . . . . . . . . . . . . . . . . . . 600,000
(e) (k)
Total costs. . . . . . . . . . . . . . . . . . . . . . . . . . . $850,000
(f) (l)
Cost per unit:
Variable cost per unit. . . . . . . . . . . . . . . .
(a) (g) (m)
Fixed cost per unit. . . . . . . . . . . . . . . . . . .
(b) (h) (n)
Total cost per unit. . . . . . . . . . . . . . . . . . .
(c) (i) (o)
Complete the cost schedule, identifying each cost by the appropriate letter
(a) through (o).
Step by Step Answer:
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac