Question: Relevant Range and Fixed and Variable Costs Child Play Inc. manufactures electronic toys within a relevant range of 134,400 to 218,400 toys per year. Within
Relevant Range and Fixed and Variable Costs
Child Play Inc. manufactures electronic toys within a relevant range of 134,400 to 218,400 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.
| Toys produced | 134,400 | 166,400 | 218,400 |
| Total costs: | |||
| Total variable costs | $63,168 | d. $fill in the blank 1 | j. $fill in the blank 2 |
| Total fixed costs | 69,888 | e. fill in the blank 3 | k. fill in the blank 4 |
| Total costs | $133,056 | 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 |
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