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ED (2024) Inc. manufactures and sells a single product. A partially completed schedule of the company's total and per-unit costs over the relevant range of
ED (2024) Inc. manufactures and sells a single product. A partially completed schedule of the company's total and per-unit costs over the relevant range of 30,000 to 50,000 units produced and sold annually is provided below:
Units: | 30,000 | 40,000 | 50,000 |
Variable Costs | ? | ? | $500,000 |
Fixed Costs | ? | ? | ? |
Total Costs | ? | ? | ? |
Variable Costs | ? | ? | ? |
Fixed Costs | $15.00 | ? | ? |
Total Cost per unit | ? | ? | ? |
Required:
- Complete the schedule as shown below for the company's total and unit costs.(10 marks) Hint: You can own table in the written response or make one and import it.
- Assume that the company produces and sells 35,000 units during a year at a selling price of $22.00 per unit.a contribution margin income statement for the year. (6 marks)
Units: | 30,000 | 40,000 | 50,000 |
Variable Costs | $500,000 | ||
Fixed Costs | |||
Total Costs | |||
Variable Costs | |||
Fixed Costs | $15.00 | ||
Total Cost per unit |
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