Relevant Range and Fixed and Variable Costs Child Play Inc. manufactures electronic toys within a relevant range of 128,000 to 200,000 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 128,000 160,000 200,000 Total costs:          Total variable costs $57,600 d. $ j. $    Total fixed costs 64,000 e.   k.     Total costs $121,600 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. $

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
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...
icon
Related questions
Question

Relevant Range and Fixed and Variable Costs

Child Play Inc. manufactures electronic toys within a relevant range of 128,000 to 200,000 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 128,000 160,000 200,000
Total costs:      
   Total variable costs $57,600 d. $ j. $
   Total fixed costs 64,000 e.   k. 
   Total costs $121,600 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. $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Cost classification
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,