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

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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

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

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Accounting

Answer & Explanation Solved by verified expert

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	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	?	?