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Relevant range and fixed and variable costs Child Play Inc. manufactures electronic toys within a relevant range of 88,400 to 142,800 toys per year. Within
Relevant range and fixed and variable costs
Child Play Inc. manufactures electronic toys within a relevant range of 88,400 to 142,800 toys per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
Line Item Description | Amount | Amount | Amount |
---|---|---|---|
Toys produced | 88,400 | 109,200 | 142,800 |
Total costs: | |||
Total variable costs | $33,592 | d. $fill in the blank 1 | j. $fill in the blank 2 |
Total fixed costs | 37,128 | e. fill in the blank 3 | k. fill in the blank 4 |
Total costs | $70,720 | f. $fill in the blank 5 | l. $fill in the blank 6 |
Line Item Description | Amount | Amount | Amount |
---|---|---|---|
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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