Question
Gibson Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 6,000 and 12,000 trophies per
Gibson Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 6,000 and 12,000 trophies per year. The following cost data apply to various activity levels: Required Complete the following table by filling in the missing amounts for the levels of activity shown in the first row of the table. Note: Round "Cost per unit" answers to 2 decimal places. Number of Trophies 6000 8000 10000 12000 Total costs incurred Fixed $ Variable 66,000 $ 54,000 66,000 $ 66,000 $ 66,000 I Total costs $ 120,000 $140,000 $ 66,000 $66,000 Cost per unit Fixed $ 11.00 Variable 9.00 Total cost per trophy $ 20.00 $ 0.00 $ 0.00 $ 0.00
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
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