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Question 1 (16 points) ED (2024) Inc. manufactures and sells a single product. A partially completed schedule of the company's total and per-unit costs over
Question 1 (16 points) 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 ? $50 0,000 Fixed Costs 1-3 1-9 Total Costs ? Variable Costs ? Fixed Costs $15.00 Total Cost per unit ? Required: 1. Complete the schedule as shown below for the company's total and unit costs. (10 marks) Hint: You can create your own table in the written response or make one and import it. 2. Assume that the company produces and sells 35,000 units during a year at a selling price of $22.00 per unit. Prepare a contribution margin income statement for the year. (6 marks] Units: 30,000 40,0 00 50,000 Variable Costs $50 0,000 Fixed Costs Total Costs Variable Costs Fixed Costs $15.00 Total Cost per unit Paragraph + v Add a File Record Audio Record Video
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