Question: Relevant Range and Fixed and Variable costs Child Play Inc. manufactures electronic toys within a relevant range of 100,800 to 165,600 toys per year. Within

Relevant Range and Fixed and Variable costs Child Play Inc. manufactures electronic toys within a relevant range of 100,800 to 165,600 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 165,600 100,800 128,800 Total costs: Total variable costs $41,328 d. $ Total fixed costs 46,368 e. k. Total costs $87,696 IS Cost per unit: Variable cost per unit a. $ 9. $ m. Fixed cost per unit b. h. n. Total cost per unit C 1. 0. Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $42,000 Food and packaging $(14,260) Payroll (10,600) Occupancy (rent, depreciation, etc.) (9,780) General, selling, and administrative expenses (6,100) $(40,740) Operating income $1,260 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) million b. What is McDonald's contribution margin ratio? c. How much would operating income increase if same-store sales increased by $2,500 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. million
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