FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Walton Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between
3,000 and 9,000 trophies per year. The following cost data apply to various activity levels.
Required
Complete the preceding table by filling in the missing amounts for the levels of activity shown in the first row of the table. (Round your
intermediate calculations and per unit amounts to 2 decimal places.)
Number of Trophies
3,000
5,000
7,000
9,000
Total costs incurred
Fixed
$
78,000
Variable
42,000
Total costs
$ 120,000
Cost per unit
Fixed
$
26.00
Variable
14.00
Total cost per trophy
2$
40.00
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Transcribed Image Text:Walton Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 3,000 and 9,000 trophies per year. The following cost data apply to various activity levels. Required Complete the preceding table by filling in the missing amounts for the levels of activity shown in the first row of the table. (Round your intermediate calculations and per unit amounts to 2 decimal places.) Number of Trophies 3,000 5,000 7,000 9,000 Total costs incurred Fixed $ 78,000 Variable 42,000 Total costs $ 120,000 Cost per unit Fixed $ 26.00 Variable 14.00 Total cost per trophy 2$ 40.00
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