Benson Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 6,000 and 12,000 trophies per year. The following cost data apply to various activity levels: Required Complete the following table by filling in the missing amounts for the levels of activity shown in the first row of the table. Note: Round "Cost per unit" answers to 2 decimal places. Number of Trophies 6,000 8,000 10,000 12,000 Total costs incurred Fixed Variable $ 78,000 $ 42,000 78,000 $ 78,000 $ 78,000 56,000 70,000 84,000 Total costs $ 120,000 $ 134,000 $ 148,000 $ 162,000 Cost per unit Fixed $ Variable 13.00 7.00 Total cost per trophy $ 20.00 $ 0.00 $ 0.00 $ 0.00

Benson Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 6,000 and 12,000 trophies per year. The following cost data apply to various activity levels: Required Complete the following table by filling in the missing amounts for the levels of activity shown in the first row of the table. Note: Round "Cost per unit" answers to 2 decimal places. Number of Trophies 6,000 8,000 10,000 12,000 Total costs incurred Fixed Variable $ 78,000 $ 42,000 78,000 $ 78,000 $ 78,000 56,000 70,000 84,000 Total costs $ 120,000 $ 134,000 $ 148,000 $ 162,000 Cost per unit Fixed $ Variable 13.00 7.00 Total cost per trophy $ 20.00 $ 0.00 $ 0.00 $ 0.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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