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Toys produced... 40,000 80,000 120,000 Total costs: $ 720,000 600,000 $1,320,000 Total varlable costs . (d) Total fixed costs (e) (k) Total costs.... (f) Cost per unit: Varlable cost per unit . Flxed cost per unit.... Total cost per unit . (a) (m) (b) (h) (c) (0

Toys produced... 40,000 80,000 120,000 Total costs: $ 720,000 600,000 $1,320,000 Total varlable costs . (d) Total fixed costs (e) (k) Total costs.... (f) Cost per unit: Varlable cost per unit . Flxed cost per unit.... Total cost per unit . (a) (m) (b) (h) (c) (0

FINANCIAL ACCOUNTING
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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Relevant range and fixed and variable costs
Child Play Inc. manufactures electronic toys within a relevant range of 20,000 to 150,000 toys per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:

 

 

Complete the cost schedule, identifying each cost by the appropriate letter (a) through (o)

Toys produced... 40,000 80,000 120,000 Total costs: $ 720,000 600,000 $1,320,000 Total varlable costs . (d) Total fixed costs (e) (k) Total costs.... (f) Cost per unit: Varlable cost per unit . Flxed cost per unit.... Total cost per unit . (a) (m) (b) (h) (c) (0
Transcribed Image Text:Toys produced... 40,000 80,000 120,000 Total costs: $ 720,000 600,000 $1,320,000 Total varlable costs . (d) Total fixed costs (e) (k) Total costs.... (f) Cost per unit: Varlable cost per unit . Flxed cost per unit.... Total cost per unit . (a) (m) (b) (h) (c) (0
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