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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:

  1. Complete the schedule of the companys total and unit costs above
  2. 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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