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Darina [25.2K]
2 years ago
5

Relevant Range and Fixed and Variable Costs Vogel Inc. manufactures memory chips for electronic toys within a relevant range of

25,000 to 100,000 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
Memory chips produced ...............45,000 60,000 75,000

Total costs:
Total variable costs ................. $1,350,000 (D) (J)
Total fixed costs .................... 810,000 (E) (K)
Total costs .......................... $2,160,000 (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)

Required:
Complete the cost schedule. When computing the cost per unit, round to two decimal places.
Business
1 answer:
lisov135 [29]2 years ago
6 0

Answer:

Results are below.

Explanation:

Relevant range= 25,000 to 100,000

In this range, fixed and variable (unitary) costs remain constant.

<u>To calculate the unitary values, we need to use the following formulas:</u>

Variable cost per unit= Total variable cost / Total number of units

Fixed cost per unit= Total fixed cost / total number of units

<u>Memory chips produced= 45,000</u>

Total variable cost= $1,350,000

Total fixed cost= 810,000

Variable cost per unit= 1,350,000 / 45,000= $30

Fixed cost per unit= 810,000 / 45,000= $18

Total cost per unit= 30 + 18= $48

<u>Memory chips produced= 60,000</u>

Total variable cost= 30*60,000= $1,800,000

Total fixed cost= 810,000

Total cost= $2,610,000

Variable cost per unit= $30

Fixed cost per unit= 810,000 / 60,000= $13.5

Total cost per unit= 30 + 13.5= $43.5

<u>Memory chips produced= 75,000</u>

Total variable cost= 30*75,000= $2,250,000

Total fixed cost= 810,000

Total cost= $3,060,000

Variable cost per unit= $30

Fixed cost per unit= 810,000 / 75,000= $10.8

Total cost per unit= 30 + 10.8= $40.8

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<h3>Forecast for period 7</h3>

Given:

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6 0
2 years ago
Which of the following best describes the Carolingian Renaissance? Select one: a. a new and speculative philosophy regarding the
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Answer:

The Correct Option is D: a standardization of education, language, texts, and Church liturgy

Explanation:

The Carolingian Renaissance was a time in the Middle Ages that had a significant impact on Arts, language, Church lithurgy, and education. It also revived scholarships. Before this time, education was reserved for a small group of people, but the Carolingian Renaissance saw a change in education and made it to become more standardized and attainable.  

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3 years ago
Canned food available for sale at grocery stores have been subjected to a commercial canning process. If you bought a can of pea
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Answer:

Three things:

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-entrance of water through can seams during cooling

Explanation:

The preservation process is aimed at reducing the rate of spoilage of food products over time.

When adequately processed a time can be given during which the food product is still not spoilt. For example 1 year from date of canning. After this period there is a high possibility of food spoilage.

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2 years ago
You are planning a store on a large lot. Your budget only allows for 800 linear feet of walls. What is the maximum square
Galina-37 [17]

Answer:

The correct solution is "40,000 sq/ft".

Explanation:

The given value is:

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= 800 ft

Sides,

= 4

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The max footage of square will be:

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3 years ago
If an investment of $35,000 is earning an interest rate of 8.00%, compounded annually, then it will take for this investment to
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Answer:

Therefore the required time period is 3 years.

Explanation:

To calculate the number of period we are using the following formula of future value

Future value = C_0(1+r)^n

C_0 is cash flow at period 0= $ 35,00

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Substituting the values in the formula

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6 0
3 years ago
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