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EXERCISE 1-11 Cost Behavior; Contribution Format Income Statement L01-4 2, LOI-6 g Harris Company manufactures and sells a single product. A partially completed schedule of
EXERCISE 1-11 Cost Behavior; Contribution Format Income Statement L01-4 2, LOI-6 g 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 30,000 to 50,000 units is given below: Units Produced and Sold 30,000 40,000 50,000 Total costs: Variable cost Fixed cost $180,000? 300,000 $480,000 ? Total cost Costs per unit: Variable cost Fixed cost Total cost per unit? Required 1. Complete the above schedule of the company's total costs and costs per unit. 2. Assume that the company produces and sells 45,000 units during the year at a selling price of S16 per unit. Prepare a Page 54 contribution format income statement for the year
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