Question: eBook Show Me How Question Content Area Relevant range and fixed and variable costs Child Play Inc. manufactures electronic toys within a relevant range of

eBook

Show Me How

Question Content Area

Relevant range and fixed and variable costs

Child Play Inc. manufactures electronic toys within a relevant range of 72,000 to 114,000 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 72,000 91,200 114,000
Total costs:
Total variable costs $24,480 d. $fill in the blank 1 j. $fill in the blank 2
Total fixed costs 27,360 e. fill in the blank 3 k. fill in the blank 4
Total costs $51,840 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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!