Finch Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 6,000 and 12,000 trophies per year. The following cost data apply to various activity levels: Required Complete the following table by filling in the missing amounts for the levels of activity shown in the first row of the table. Note: Round "Cost per unit" answers to 2 decimal places. Number of Trophies Total costs incurred Fixed Variable Total costs Cost per unit Fixed Variable Total cost per trophy $ 84,000 48,000 $ 132,000 $ $ 6000 $ 14.00 8.00 22.00 $ 8000 0 0.00 69 $ 10000 0 $ 69 0.00 $ 12000 0 0.00

Finch Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 6,000 and 12,000 trophies per year. The following cost data apply to various activity levels: Required Complete the following table by filling in the missing amounts for the levels of activity shown in the first row of the table. Note: Round "Cost per unit" answers to 2 decimal places. Number of Trophies Total costs incurred Fixed Variable Total costs Cost per unit Fixed Variable Total cost per trophy $ 84,000 48,000 $ 132,000 $ $ 6000 $ 14.00 8.00 22.00 $ 8000 0 0.00 69 $ 10000 0 $ 69 0.00 $ 12000 0 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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