Relevant range and fixed and variable costs OBJ. 1 Quigley Inc. manufactures memory chips for electronic toys

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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).

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Related Book For  book-img-for-question

Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac

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