Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8 9.09 points eBook Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per

image text in transcribed

8 9.09 points eBook Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range of 51,000 to 91,000 units is given below: Required: 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 81,000 units during the year at a selling price of $9.89 per unit. Prepare a contribut format income statement for the year. Complete this question by entering your answers in the tabs below. Hint Ask Print Required 1 Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. Note: Round the per unit variable cost and fixed cost to 2 decimal places. Units Produced and Sold 51,000 71,000 91,000 Total cost References Variable cost S 209,100 Fixed cost 340,000 340,000 340,000 Total cost $ 549,100 $ 340,000 $ 340,000 Cost per unit Variable cost 4.10 Fixed cost 6.67 4.79 374 Total cost per unit $ 10.77 $ 4.79 $ 3.74 Mequired Required 2 >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management And Cost Accounting Tools And Concepts In A Central European Context

Authors: Andreas Taschner, Michel Charifzadeh

1st Edition

3527508228, 978-3527508228

More Books

Students also viewed these Accounting questions

Question

=+Describe the components of this time series.

Answered: 1 week ago

Question

Explain the need for a critical analytical approach to studying HRM

Answered: 1 week ago