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 61,600 to 100,800 memory chips per year. Within this range, the following partially completed
Components produced | 61,600 | 79,200 | 100,800 |
Total costs: | |||
Total variable costs . . . . . . . . . | $19,712 | (d) | (j) |
Total fixed costs . . . . . . . . . . . . | 22,176 | (e) | (k) |
Total costs . . . . . . . . . . . . . . . . . | $41,888 | (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. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
Cost Report | ||||||
Components produced | 61,600 | 79,200 | 100,800 | |||
Total costs: | ||||||
Total variable costs | $19,712 | (d) | $fill in the blank 1 | (j) | $fill in the blank 2 | |
Total fixed costs | 22,176 | (e) | fill in the blank 3 | (k) | fill in the blank 4 | |
Total costs | $41,888 | (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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