### Relevant Range and Fixed and Variable CostsChild Play Inc. manufactures electronic toys within a relevant range of 88,400 to 142,800 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.**#### Toys Produced:- **88,400** - **Total costs:** - Total variable costs: $33,592 - Total fixed costs: $37,128 - Total costs: $70,720- **109,200** - **Total costs:** - Total variable costs: d. $________ - Total fixed costs: e. $________ - Total costs: f. $________- **142,800** - **Total costs:** - Total variable costs: j. $________ - Total fixed costs: k. $________ - Total costs: l. $________#### Cost per Unit:- **88,400** - Variable cost per unit: a. $________ - Fixed cost per unit: b. $________ - Total cost per unit: c. $________- **109,200** - Variable cost per unit: g. $________ - Fixed cost per unit: h. $________ - Total cost per unit: i. $________- **142,800** - Variable cost per unit: m. $________ - Fixed cost per unit: n. $________ - Total cost per unit: o. $________This exercise helps illustrate the calculation and understanding of variable and fixed costs within the specified production range.

Relevant Range and Fixed and Variable Costs Child Play Inc. manufactures electronic toys within a relevant range of 88,400 to 142,800 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. 109,200 142,800 Toys produced Total costs: Total variable costs Total fixed costs Total costs Cost per unit: Variable cost per unit Fixed cost per unit Total cost per unit a. s b. C. $ 88,400 $33,592 37,128 $70,720 d. $ e. f. $ g. $ h. i. $ j. $ k. 1. $ m. $ n. 0. $

Relevant Range and Fixed and Variable Costs Child Play Inc. manufactures electronic toys within a relevant range of 88,400 to 142,800 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. 109,200 142,800 Toys produced Total costs: Total variable costs Total fixed costs Total costs Cost per unit: Variable cost per unit Fixed cost per unit Total cost per unit a. s b. C. $ 88,400 $33,592 37,128 $70,720 d. $ e. f. $ g. $ h. i. $ j. $ k. 1. $ m. $ n. 0. $

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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