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Relevant Range and Fixed and Variable Costs
Child Play Inc. manufactures electronic toys within a relevant range of 88,400 to 142,800 toys per year. Within this range, the following partially completed
manufacturing cost schedule has been prepared:
Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
Toys produced
Total costs:
88,400
109,200
142,800
Total variable costs
$33,592
d. $
Total fixed costs
37,128
e.
Total costs
$70,720
f. $
j. $
k.
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. $