Question
In: Accounting
Relevant Range and Fixed and Variable Costs Vogel Inc. manufactures memory chips for electronic toys within...
Relevant Range and Fixed and Variable Costs
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 128,000 to 200,000 memory chips 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.
| Memory chips 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. $ |
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Relevant Range and Fixed and Variable Costs Vogel Inc. manufactures memory chips for electronic toys within...
Relevant Range and Fixed and Variable Costs
Vogel Inc. manufactures memory chips for electronic toys within
a relevant range of 114,000 to 182,400 memory chips per year.
Within this range, the following partially completed manufacturing
cost schedule has been prepared:
Components produced
114,000
144,000
182,400
Total costs:
Total variable costs . . . . . . . .
.
$49,020
(d)
(j)
Total fixed costs . . . . . . . . . . .
.
54,720
(e)
(k)...
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 88,400 to 142,800...
Vogel Inc. manufactures memory chips for electronic toys within
a relevant range of 88,400 to 142,800 memory chips 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.
Memory chips produced
88,400
109,200
142,800
Total costs:
Total variable costs
$33,592
d. $
j. $
Total fixed costs
37,128
e.
k.
Total...
Relevant Range and Fixed and Variable Costs Child Play Inc. manufactures electronic toys within a relevant...
Relevant Range and Fixed and Variable Costs
Child Play Inc. manufactures electronic toys within a relevant
range of 72,000 to 114,000 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
72,000
91,200
114,000
Total costs:
Total variable costs
$24,480
d. $
j. $
Total fixed costs
27,360...
Relevant Range and Fixed and Variable Costs Child Play Inc. manufactures electronic toys within a relevant...
Relevant Range and
Fixed and Variable Costs
Child Play Inc.
manufactures electronic toys within a relevant range of 20,000 to
150,000 toys per year. Within this range, the following partially
completed manufacturing cost schedule has been prepared:
Complete the cost
schedule. When computing the cost per unit, round to two
decimal 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. $...
Within the relevant range, the difference between variable costs and fixed costs is: (2) a. variable...
Within the relevant range, the difference between variable costs
and fixed costs is:
(2) a. variable costs per unit fluctuate and fixed costs per
unit remain constant
. b. both total variable costs and total fixed costs are
constant.
c. both total variable costs and total fixed costs
fluctuate.
d. variable costs per unit are constant and fixed costs per unit
fluctuate.
In 200 words or more, Explain variable, fixed, and mixed costs and the relevant range. Original...
In 200 words or more, Explain variable, fixed, and mixed costs
and the relevant range. Original work please
What does relevant range mean? Why are “fixed costs” considered “fixed” and how does the relevant...
What does relevant range mean? Why are “fixed costs” considered
“fixed” and how does the relevant range affect a cost’s
“fixed-ness?”
2. When using the high-low method, why
might we be concerned about our estimates for variable cost per
unit and total fixed costs?
3. Define
contribution margin. How would management use contribution margin
when making decisions for the business?
4. Are variable costs
and differential costs the same thing? Why or why not?
Robo-Tech Inc. manufactures pistons for custom motorcycles within a relevant range of 100,800 to 165,600 pistons...
Robo-Tech Inc. manufactures pistons for custom motorcycles
within a relevant range of 100,800 to 165,600 pistons 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.
Cost Report
Components produced
100,800
128,800
165,600
Total costs:
Total variable costs
$41,328
d. $
j. $
Total fixed costs
46,368
e.
k.
Total costs...
1. If the level of activity increases within relevant range: a. variable cost per unit and...
1. If the level of activity increases within relevant range:
a. variable cost per unit and total fixed cost stay the same
b. fixed cost per unit and total variable cost increase
c. variable cost per unit and total cost increase
d. total cost will increase and fixed cost per unit stays
same
2. Which of the following statements is incorrect about the
Cost-Volume-Profit graph?
a. The assumption that volume is the only factor affecting total
cost
b. The assumption...
1. Describe the term relevant range. Why is it important to stay within the relevant range...
1. Describe the term relevant range. Why is it
important to stay within the relevant range when estimating
costs?
2. Describe the variables in the cost equation Y = f +
vX.
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