KaranSubject: acounting Relevant Range and Fixed and Variable CostsFirstClass Gaming Inc. manufactures components for computer games within a relevant range of 134,400 to 218,400 components per year. Within this range, thefollowing partially completed manufacturing cost schedule has been prepared:218,400Components producedTotal costs:Total variable costsTotal fixed costsTotal costsCost per unit:134,400$63,16869,888$133,056166,400(d)(e)(1)(k)(1)Variable cost per unit.(a)(9)(m)Fixed cost per unit(b)11(h)(n)Total cost per unitMc)(0)(0)Complete the cost schedule below. Round costs per unit to the nearest cent. Cost per unitVariable cost per unitFixed cost per unitTotal cost per unit(a)(9)(b)(h)(c)(1)Complete the cost schedule below. Round costs per unit to the nearest cent.Cost ScheduleComponents producedTotal costsTotal variable costsTotal fixed costsTotal costsCost per unit:Variable cost per unitFixed cost per unitTotal cost per unitCheck My Work134,400$63,16869,888$133,056(m)(n)(0)166,400218,400333PreviousNext

Variable cost is the one that varies with the variation in the number of units produced. Fixed cost…

FirstClass Gaming Inc. manufactures components for computer games within a relevant range of 134,400 to 218,400 components per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced Total costs Total variable costs Total fixed costs Total costs Cost per unit: 134,400 $63,168 69,888 $133,056 166,400 (a) (b) (d) (e) (1) 218,400 (1) (K) (1) Variable cost per unit (9) (m) Fixed cost per unit (h) (n) Total cost per unit () (0) Complete the cost schedule below. Round costs per unit to the nearest cent.

FirstClass Gaming Inc. manufactures components for computer games within a relevant range of 134,400 to 218,400 components per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced Total costs Total variable costs Total fixed costs Total costs Cost per unit: 134,400 $63,168 69,888 $133,056 166,400 (a) (b) (d) (e) (1) 218,400 (1) (K) (1) Variable cost per unit (9) (m) Fixed cost per unit (h) (n) Total cost per unit () (0) Complete the cost schedule below. Round costs per unit to the nearest cent.

Managerial Accounting

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Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 6E: Relevant range and fixed and variable costs Child Play Inc. manufactures electronic toys within a...

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Karan

Subject: acounting

Relevant Range and Fixed and Variable Costs
FirstClass Gaming Inc. manufactures components for computer games within a relevant range of 134,400 to 218,400 components per year. Within this range, the
following partially completed manufacturing cost schedule has been prepared:
218,400
Components produced
Total costs:
Total variable costs
Total fixed costs
Total costs
Cost per unit:
134,400
$63,168
69,888
$133,056
166,400
(d)
(e)
(1)
(k)
(1)
Variable cost per unit.
(a)
(9)
(m)
Fixed cost per unit
(b)
11
(h)
(n)
Total cost per unit
Mc)
(0)
(0)
Complete the cost schedule below. Round costs per unit to the nearest cent.

Cost per unit
Variable cost per unit
Fixed cost per unit
Total cost per unit
(a)
(9)
(b)
(h)
(c)
(1)
Complete the cost schedule below. Round costs per unit to the nearest cent.
Cost Schedule
Components 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
Check My Work
134,400
$63,168
69,888
$133,056
(m)
(n)
(0)
166,400
218,400
333
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Step Costs, Relevant Range Bellati Inc. produces large industrial machinery. Bellati has a machining department and a group of direct laborers called machinists. Each machinist can machine up to 500 units per year. Bellati also hires supervisors to develop machine specification plans and oversee production within the machining department. Given the planning and supervisory work, a supervisor can oversee, at most, three machinists. Bellatis accounting and production history shows the following relationships between number of units produced and the annual costs of supervision and materials handling (by machinists): Required: 1. Prepare a graph that illustrates the relationship between direct labor cost and number of units produced in the machining department. (Let cost of direct labor be the vertical axis and number of units be the horizontal axis.) Would you classify this cost as a strictly variable cost, a fixed cost, or a step cost? 2. Prepare a graph that illustrates the relationship between the cost of supervision and the number of units produced. (Let cost of supervision be the vertical axis and number of units be the horizontal axis.) Would you classify this cost as a strictly variable cost, a fixed cost, or a step cost? 3. Suppose that the normal range of production is between 1,400 and 1,500 units and that the exact number of machinists is currently hired to support this level of activity. Further suppose that production for the next year is expected to increase by an additional 500 units. What is the increase in the cost of direct labor? Cost of supervision?
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FirstClass Gaming Inc. manufactures components for computer games within a relevant range of 100,800 to 165,600 components per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 100,800 128,800 165,600 Total costs: Total variable costs $41,328 (d) (j) Total fixed costs 46,368 (e) (k) Total costs $87,696 (f) (l) Cost per unit: Variable cost per unit (a) (g) (m) Fixed cost per unit (b) (h) (n) Total cost per unit (c) (i) (o) Complete the cost schedule below. Round costs per unit to the nearest cent. Cost Schedule Components produced 100,800 128,800 165,600 Total costs: Total variable costs $41,328 $fill in the blank 1 $fill in the blank 2 Total fixed costs 46,368 fill…
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