Relevant Range and Fixed and Variable CostsVogel Inc. manufactures memory chips for electronic toys within a relevant range of 88,400 to 142,800 memory chips per year. Within this range, the following partially completed manufacturing cost schedule hasbeen prepared:Components produced88,400109,200142,800Total costs:Total variable costs$33,592(d)(j)Total fixed costs37,128(e)(k)Total costs$70,720(f)(1)Cost per unit:Variable cost per unit..(a)(g)(m)Fixed cost per unit .(b)(h)(n)Total cost per unit .(c)(i)(0)Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.Cost ReportComponents produced88,400109,200142,800Total costs:Total variable costs$33,592 (d) $(j) $Total fixed costs37,128 (e)(k)Total costs$70,720 (f) $(1) $Cost per UnitVariable cost per unit(a) $(g) $(m) $Fixed cost per unit(b)(h)(n)Total cost per unit(c)(i) $(0) $

The question is based on the concept of Cost Accounting.

Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 88,400 to 142,800 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 88,400 109,200 142,800 Total costs: Total variable costs $33,592 (d) () . Total fixed costs . 37,128 (e) (k) (f) (1) Total costs $70,720 Cost per unit: Variable cost per unit .. (a) (9) (m) Fixed cost per unit .. (b) (h) (n) Total cost per unit.. (c) (i) (0) Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar. Cost Report Components produced 88,400 109,200 142,800 Total costs: Total variable costs $33,592 (d) $ G) $ Total fixed costs 37,128 (e) (k) Total costs $70.720 (f)

Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 88,400 to 142,800 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 88,400 109,200 142,800 Total costs: Total variable costs $33,592 (d) () . Total fixed costs . 37,128 (e) (k) (f) (1) Total costs $70,720 Cost per unit: Variable cost per unit .. (a) (9) (m) Fixed cost per unit .. (b) (h) (n) Total cost per unit.. (c) (i) (0) Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar. Cost Report Components produced 88,400 109,200 142,800 Total costs: Total variable costs $33,592 (d) $ G) $ Total fixed costs 37,128 (e) (k) Total costs $70.720 (f)

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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