Harris Company manufactures and sells a single product. A partially completed schedule of the companys total and

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Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total and per unit costs over the relevant range of 30,000 to 50,000 units produced and sold annually is given below:

Units Produced and Sold 30,000 40,000 50,000 Total costs: Variable costs $180,000 ? Fixed costs 300,000 ? Total costs $4


Required:

1. Complete the schedule of the company’s total and unit costs above.

2. Assume that the company produces and sells 45,000 units during the year at a selling price of $16 per unit. Prepare a contribution format income statement for the year.

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Managerial Accounting

ISBN: 9780072834949

11th Edition

Authors: Ray Garrison, Eric Noreen, Peter Brewer

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