Question: Relevant Range and Fixed and Variable Costs Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 100,800 to 158,400 memory chips
Relevant Range and Fixed and Variable Costs
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 100,800 to 158,400 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
| Components produced | 100,800 | 123,200 | 158,400 |
| Total costs: | |||
| Total variable costs . . . . . . . . . | $40,320 | (d) | (j) |
| Total fixed costs . . . . . . . . . . . . | 44,352 | (e) | (k) |
| Total costs . . . . . . . . . . . . . . . . . | $84,672 | (f) | (l) |
| Cost per unit: | |||
| Variable cost per unit . . . . . . . | (a) | (g) | (m) |
| Fixed cost per unit . . . . . . . . . . | (b) | (h) | (n) |
| Total cost per unit . . . . . . . . . . | (c) | (i) | (o) |
Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
| Cost Report | ||||||
| Components produced | 100,800 | 123,200 | 158,400 | |||
| Total costs: | ||||||
| Total variable costs | $40,320 | (d) | $fill in the blank 1 | (j) | $fill in the blank 2 | |
| Total fixed costs | 44,352 | (e) | fill in the blank 3 | (k) | fill in the blank 4 | |
| Total costs | $84,672 | (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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