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Child Play Inc. manufactures electronic toys within a relevant range of 20,000 to 150,000 toys per year. Within this range, the following partially completed manufacturing
Child Play Inc. manufactures electronic toys within a relevant range of 20,000 to 150,000 toys per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
Complete the cost schedule. When computing the cost per unit, round to two decimal places.
Toys produced | 40,000 | 80,000 | 120,000 | ||
Total costs: | |||||
Total variable costs | $720,000 | d. $fill in the blank 1 | j. $fill in the blank 2 | ||
Total fixed costs | 600,000 | e. fill in the blank 3 | k. fill in the blank 4 | ||
Total costs | $1,320,000 | 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 |
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