Dunder Miff Ltd. manufactures and sells only one product.

Below find a partially completed schedule of the companys total and per unit costs over a relevant range of 30,000 to

50,000 units produced and sold annually.

Units Produced and Sold

30,000

40,000

50,000

Total Costs:

Variable costs

$180,000

?

?

Fixed costs

300,000

?

?

Total Costs

$480,000

?

?

Cost per unit:

Variable cost

?

?

?

Fixed cost

?

?

?

Total Cost per Unit

?

?

?

Required:

Part a:

In the table above,complete the schedule of Algonquins total and unit costs by replacing the ? With the appropriate amounts. (6 marks)

Part b

In the space below Prepare a contribution margin income statement for the year assuming that Dunder produces and sells 45,000 units during the year at a selling price of $16 per unit. (4 marks)