Hermosa, Inc., produces one model of mountain bike. Partial information for the

Question

Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold Total costs 490 800 990 $122,500 $ ? Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 543.75 Required: 1. Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of bikes produced and sold490 Units 800 Units 990 Units Total costs Variable costs S122.500 Fixed costs per year Total costs S 122.500 Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 0.00 543.75 S 0.00

Explanation / Answer

1. Table is completed as shown below:

2.

3.

Number of bikers produced and sold 490 Units 800 Units 990 Units Total costs Variable costs 122,500 200,000 247,500 Fixed Costs per Year 235,000 235,000 235,000 Total costs 357,500 435,000 482,500 Cost per unit Variable cost per unit 250 250 250 Fixed cost per unit 479.59 293.75 237.37 Total cost per unit 729.59 543.75 487.37

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