Kings, Inc. manufactures and sells a single product. A partially completed schedule of the company’s total...

90.2K

Verified Solution

Question

Accounting

Kings, Inc. manufactures and sells a single product. A partiallycompleted schedule of the company’s total and per unit costs overthe relevant range of 30,000 to 50,000 units produced and soldannually is given below. Complete the schedule of the company’stotal and unit costs above.
Units Produced and Sold
30,000
40,000
50,000
Total Costs:
Variable costs
$180,000
?
?
Fixed Costs
$300,000
?
?
Total Costs
$480,000
?
?
Cost per unit:
Variable Cost
?
$4.50
?
Fixed Cost
?
?
$6.00
Total Cost Per Unit
$16.00
?
?
Extra Credit: What does this table tell you?
Please show work!

Answer & Explanation Solved by verified expert

4.5 Ratings (628 Votes)

30000 units produced and soldVariable Costs 180000Fixed Costs 300000Variable Cost per unit Variable Costs Number of unitsproduced and soldVariable Cost per unit 180000 30000Variable Cost per unit 600Fixed Cost per See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

	Units Produced and Sold
	30,000	40,000	50,000
Total Costs:
Variable costs	$180,000	?	?
Fixed Costs	$300,000	?	?
Total Costs	$480,000	?	?
Cost per unit:
Variable Cost	?	$4.50	?
Fixed Cost	?	?	$6.00
Total Cost Per Unit	$16.00	?	?