FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Relevant Range and Fixed and Variable Costs
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 76,800 to 128,000 memory chips per year. Within this range, the following partially completed
Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
Memory chips produced | 76,800 | 96,000 | 128,000 |
Total costs: | |||
Total variable costs | $27,648 | d. $fill in the blank 1 | j. $fill in the blank 2 |
Total fixed costs | 30,720 | e. fill in the blank 3 | k. fill in the blank 4 |
Total costs | $58,368 | f. $fill in the blank 5 | l. $fill in the blank 6 |
Cost per unit | |||
Variable cost per unit | a. $fill in the blank 7 | g. $fill in the blank 8 | m. $fill in the blank 9 |
Fixed cost per unit | b. fill in the blank 10 | h. fill in the blank 11 | n. fill in the blank 12 |
Total cost per unit | c. $fill in the blank 13 | i. $fill in the blank 14 | o. $fill in the blank 15 |
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