Question

Help filling out requirement one... answers must be rounded to nearest cent and all total cost to nearest whole dollar.

Requirement 1. Complete the following schedule for the three volumes shown. (Round all unit costs to the nearest 3,000 Garments 4,500 Garments $ 2,925 6,000 Garments Total variable costs Total fixed costs Total operating costs Variable cost per garment Fixed cost per garment Average cost per garment

Answer 1

	3000	4500	6000
	Garments	Garments	Garments
Total variable cost	1950	2925	3900
Total fixed cost	9000	9000	9000
Total operating cost	10950	11925	12900
Variable cost per garment	0.65	0.65	0.65
Fixed cost per garment	3	2	1.5
Average cost per garment	3.65	2.65	2.15
The formula used for calculating the figures has been illustrated below
	3000	4500	6000
	Garments	Garments	Garments
Total variable cost	(2925/4500)*3000	2925 (given in question)	(2925/4500)*6000
Total fixed cost	4500*2	4500*2	4500*2
Total operating cost	sum of both of the above	sum of both of the above	sum of both of the above
Variable cost per garment	2925/4500	2925/4500	2925/4500
Fixed cost per garment	(4500*2)/3000	2 (given in question)	(4500*2)/6000
Average cost per garment	sum of both of the above	sum of both of the above	sum of both of the above
Hope you find this answer useful I had only answered part a of the sum as only part a has been asked
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