Relevant Range and Fixed and Variable Costs Child Play Inc. manufactures electronic toys within a relevant range of...

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Accounting

Relevant Range andFixed and Variable Costs
Child Play Inc.manufactures electronic toys within a relevant range of 20,000 to150,000 toys per year. Within this range, the following partiallycompleted manufacturing cost schedule has been prepared:
Complete the costschedule. When computing the cost per unit, round to twodecimal places.
Toys produced 40,000 80,000 120,000
Total costs:
   Total variable costs $720,000 d. $ j. $
   Total fixed costs 600,000 e.   k.
   Total costs $1,320,000 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. $

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Ans1 Toys produced 40000 80000 120000 Total costs Total variable costs 720000 1440000 2160000 Total fixed costs 600000 600000 600000 Total costs 1320000 2040000 2760000 See Answer

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Toys produced	40,000	80,000	120,000
Total costs:
Total variable costs	$720,000	d. $	j. $
Total fixed costs	600,000	e.	k.
Total costs	$1,320,000	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. $