FirstClass Gaming Inc. manufactures components for computer games within a relevant range of 72,000 to 114,000 components per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:produce a solutionComponents produced72,000 91,200 114,000 Total costs: Total variable costs$24,480 (d) (j) Total fixed costs27,360 (e) (k) Total costs$51,840 (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. Round costs per unit to the nearest cent.Cost ScheduleComponents produced72,000 91,200 114,000Total costs: Total variable costs$24,480 $fill in the blank 1 $fill in the blank 2 Total fixed costs27,360 fill in the blank 3 fill in the blank 4 Total costs$51,840 $fill in the blank 5 $fill in the blank 6 Cost per unit: Variable cost per unit$fill in the blank 7 $fill in the blank 8 $fill in the blank 9 Fixed cost per unitfill in the blank 10 fill in the blank 11 fill in the blank 12 Total cost per unit

Total variable costs = variable cost per unit x number of components produced Total fixed costs =…

Answered: Cost Schedule Components produced…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

FirstClass Gaming Inc. manufactures components for computer games within a relevant range of 72,000 to 114,000 components per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:

produce a solution

Components produced	72,000		91,200		114,000
Total costs:
	Total variable costs	$24,480		(d)		(j)
	Total fixed costs	27,360		(e)		(k)
	Total costs	$51,840		(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. Round costs per unit to the nearest cent.

Cost Schedule
Components produced	72,000		91,200		114,000
Total costs:
	Total variable costs	$24,480		$fill in the blank 1		$fill in the blank 2
	Total fixed costs	27,360		fill in the blank 3		fill in the blank 4
	Total costs	$51,840		$fill in the blank 5		$fill in the blank 6

Cost per unit:
	Variable cost per unit	$fill in the blank 7		$fill in the blank 8		$fill in the blank 9
	Fixed cost per unit	fill in the blank 10		fill in the blank 11		fill in the blank 12
	Total cost per unit