Question: this is 1 question Ivanhoe Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of


Ivanhoe Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of output as shown below. Output in Units 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 Rent Expense $6,035 6,035 9,656 9.656 9,656 9,656 9,656 9,656 12,070 12.070 12,070 Direct Materials $4,828 7,500 7,500 10,000 12,500 15,000 17.500 20,000 35.365 42.245 53,108 Determine the relevant range of activity for this product. The relevant range of activity for this product units e Textbook and Media Calculate the variable costs per unit within the relevant range. (Round answer to 2 decimal places e.g. 2.25.) Variable costs per unit per unit $ eTextbook and Media Calculate the variable costs per unit within the relevant range. (Round answer to 2 decimal places e.g. 2.25.) Variable costs per unit per unit $ eTextbook and Media Indicate the fixed cost within the relevant range, Fixed cost $
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