Solomon Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 10,000 and 16,000 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 10,000 12,000 14,000 16,000 Total costs incurred Fixed $ 48,000 Variable 42,000 Total costs $ 90,000 0 S Cost per unit Fixed 2$ 4.80 Variable 4.20 Total cost per trophy S 9.00 0.00 S 0.00 S 0.00

Solomon Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 10,000 and 16,000 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 10,000 12,000 14,000 16,000 Total costs incurred Fixed $ 48,000 Variable 42,000 Total costs $ 90,000 0 S Cost per unit Fixed 2$ 4.80 Variable 4.20 Total cost per trophy S 9.00 0.00 S 0.00 S 0.00

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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