Child Play Inc. manufactures electronic toys within a relevant range of 61,600 to 100,800 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. Line Item Description Amount Amount Amount Toys produced 61,600 79,200 100,800 Total costs: Total variable costs $19,712 d. $fill in the blank 1 j. $fill in the blank 2 Total fixed costs 22,176 e. fill in the blank 3 k. fill in the blank 4 Total costs $41,888 f. $fill in the blank 5 l. $fill in the blank 6 Line Item Description Amount Amount Amount 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
Child Play Inc. manufactures electronic toys within a relevant range of 61,600 to 100,800 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. Line Item Description Amount Amount Amount Toys produced 61,600 79,200 100,800 Total costs: Total variable costs $19,712 d. $fill in the blank 1 j. $fill in the blank 2 Total fixed costs 22,176 e. fill in the blank 3 k. fill in the blank 4 Total costs $41,888 f. $fill in the blank 5 l. $fill in the blank 6 Line Item Description Amount Amount Amount 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Child Play Inc. manufactures electronic toys within a relevant range of 61,600 to 100,800 toys per year. Within this range, the following partially completed
Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
| Line Item Description | Amount | Amount | Amount |
|---|---|---|---|
| Toys produced | 61,600 | 79,200 | 100,800 |
| Total costs: | |||
| Total variable costs | $19,712 | d. $fill in the blank 1 | j. $fill in the blank 2 |
| Total fixed costs | 22,176 | e. fill in the blank 3 | k. fill in the blank 4 |
| Total costs | $41,888 | f. $fill in the blank 5 | l. $fill in the blank 6 |
| Line Item Description | Amount | Amount | Amount |
|---|---|---|---|
| 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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