Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Child Play Inc. manufactures electronic toys within a relevant range of 61,600 to 100,800 toys per year. Within this range, the following partially completed manufacturing
Child Play Inc. manufactures electronic toys within a relevant range of 61,600 to 100,800 toys per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
Toys produced | 61,600 | 79,200 | 100,800 |
Total costs: | |||
Total variable costs | $19,712 | d. $fill in the blank 1 | j. $fill in the blank 2 |
Total fixed costs | 22,176 | e. fill in the blank 3 | k. fill in the blank 4 |
Total costs | $41,888 | f. $fill in the blank 5 | l. $fill in the blank 6 |
Cost per unit: | |||
Variable cost per unit | a. $fill in the blank 7 | g. $fill in the blank 8 | m. $fill in the blank 9 |
Fixed cost per unit | b. fill in the blank 10 | h. fill in the blank 11 | n. fill in the blank 12 |
Total cost per unit | c. $fill in the blank 13 | i. $fill in the blank 14 | o. $fill in the blank 15 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started