Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check 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

image text in transcribed
image text in transcribed
image text in transcribed
Check 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 53,000 to 93.000 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 83.000 units during the year ate selling price of $772 per unit. Prepare a contribution format income statement for the year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit Wanable cost and fixed cost to 2 decimal places 53,000 Units Produced and Sold 73.000 Units Produced and Sold 93,000 UN Protocond Sold Total Saved Required 1 Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) 53.000 Units Produced and Sold 73,000 Units Produced and Sold 93.000 Units Produced and Sold Total costs Variable costs Fixed costs 116.600 330,000 446 600 $ Total costs Cost per unit Variable cost Fixed cost Total cost per unit Required 2 > o memorite, Memorize dos EKI9(0xx EX149 Required 1 Required 2 Assume that the company produces and sells 83,000 units during the year at a selling price of $7.72 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement

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

Accounting Essentials For Hospitality Managers

Authors: Chris Guilding, Kate Mingjie Ji

4th Edition

1032024321, 9781032024325

More Books

Students also viewed these Accounting questions

Question

=+6. What need does it fulfill?

Answered: 1 week ago

Question

=+8. How can you differentiate your product in their eyes?

Answered: 1 week ago