Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] Harris Company manufactures and sells...
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Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] 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 69,000 to 109,000 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 99,000 units during the year at a selling price of $9.88 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 Assume that the company produces and sells 99,000 units during the year at a selling price of $9.88 per unit. Prepare a contribution format income statement for the year. Note: Round your intermediate calculations to 2 decimal places. Harris Company Contribution Format Income Statement Administrative expenses Beginning merchandise inventory Cost of goods sold Direct labor References Harris Company Contribution Format Income Statement Direct labor Direct materials Ending merchandise inventory Fixed expense Indirect labor + Required 1 Required 2 Assume that the company produces and sells 99,000 contribution format income statement for the year. Note: Round your intermediate calculations to 2 deci Harris Company Contribution Format Income Statement Indirect materials Manufacturing overhead Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] 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 69,000 to 109,000 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 99,000 units during the year at a selling price of $9.88 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 Assume that the company produces and sells 99,000 units during the year at a selling price of $9.88 per unit. Prepare a contribution format income statement for the year. Note: Round your intermediate calculations to 2 decimal places. Harris Company Contribution Format Income Statement Administrative expenses Beginning merchandise inventory Cost of goods sold Direct labor References Harris Company Contribution Format Income Statement Direct labor Direct materials Ending merchandise inventory Fixed expense Indirect labor + Required 1 Required 2 Assume that the company produces and sells 99,000 contribution format income statement for the year. Note: Round your intermediate calculations to 2 deci Harris Company Contribution Format Income Statement Indirect materials Manufacturing overhead
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