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Wonderland Creative Studio manufactures and sells single product. A schedule of companys total and per unit cost over the relevant range of 15,000 to 25,000
Wonderland Creative Studio manufactures and sells single product. A schedule of companys total and per unit cost over the relevant range of 15,000 to 25,000 unit produced and sold as follows:
| Unit Produced and Sold | ||
| 15,000 | 20,000 | 25,000 |
Total Cost |
|
|
|
Variable Cost | $90,000 | ? | ? |
Fixed Cost | 150,000 | ? | ? |
Total Cost | $240,000 | ? | ? |
|
|
|
|
Cost Per Unit |
|
|
|
Variable Cost | ? | ? | ? |
Fixed Cost | ? | ? | ? |
Total Cost per unit | ? | ? | ? |
Instructions:
- Complete the schedule of the companys total and unit costs above
- Assume that the company produces and sells 22,500 units during the year at a selling price of $16 per unit. Prepare the contribution format income statement of the year.
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