Exercise 2-6A (Algo) Fixed versus variable cost behavior LO 2-1 Franklin Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 4,000 and 10,000 trophies per year. The following cost data apply to various activity levels: Required Complete the preceding table by filling in the missing amounts for the levels of activity shown in the first row of the table. (Round "Cost per unit" answers to 2 decimal places.) Number of Trophies Total costs incurred Fixed Variable Total costs Cost per unit Fixed Variable Total cost per trophy $ 4,000 74,000 42,000 $ 116.000 $ 18.50 10.50 $ 29.00 6,000 8,000 10,000
Exercise 2-6A (Algo) Fixed versus variable cost behavior LO 2-1 Franklin Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 4,000 and 10,000 trophies per year. The following cost data apply to various activity levels: Required Complete the preceding table by filling in the missing amounts for the levels of activity shown in the first row of the table. (Round "Cost per unit" answers to 2 decimal places.) Number of Trophies Total costs incurred Fixed Variable Total costs Cost per unit Fixed Variable Total cost per trophy $ 4,000 74,000 42,000 $ 116.000 $ 18.50 10.50 $ 29.00 6,000 8,000 10,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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