Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 61,600 to 100,800 memory chips per year. Within this range, the following

Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 61,600 to 100,800 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:

Components produced 61,600 79,200 100,800
Total costs:
Total variable costs . . . . . . . . . $19,712 (d) (j)
Total fixed costs . . . . . . . . . . . . 22,176 (e) (k)
Total costs . . . . . . . . . . . . . . . . . $41,888 (f) (l)
Cost per unit:
Variable cost per unit . . . . . . . (a) (g) (m)
Fixed cost per unit . . . . . . . . . . (b) (h) (n)
Total cost per unit . . . . . . . . . . (c) (i) (o)

Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.

Cost Report
Components produced 61,600 79,200 100,800
Total costs:
Total variable costs $19,712 (d) $fill in the blank 1 (j) $fill in the blank 2
Total fixed costs 22,176 (e) fill in the blank 3 (k) fill in the blank 4
Total costs $41,888 (f) $fill in the blank 5 (l) $fill in the blank 6
Cost per Unit
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions