Answered: Jordan Trophies makes and sells…

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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Question

Jordan 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 your intermediate calculations and per unit amounts to 2 decimal places.)

Number of
Trophies
Total costs incurred
Fixed
Variable
Total costs
Cost per unit
Fixed
Variable
Total cost per
trophy
> Answer is complete but not entirely correct.
4,000
$ 64,000
42,000
$ 106,000
$
16.00
10.50
$ 26.50 $
6,000
$ 64,000
42,000
$ 106,000
$ 64,000
63,000
$ 127,000
$ 10.66
10.50
21.16 $
$
8,000
$ 64,000
105,000
$ 169,000
8.00
10.50
18.50 $
$
10,000
6.40
10.50
16.90

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