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

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Accounting

  1. 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 produced40,00080,000120,000
    Total costs:
       Total variable costs$720,000d. $j. $
       Total fixed costs600,000e.  k.  
       Total costs$1,320,000f. $l. $
    Cost per Unit
       Variable cost per unita. $g. $m. $
       Fixed cost per unitb.  h.  n.  
       Total cost per unitc. $i. $o. $

Answer & Explanation Solved by verified expert
4.3 Ratings (571 Votes)
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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