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EXERCISE 1-11 Cost Behavior; Contribution Format Income Statement [ LO1-4, [ LO1-6 Harris Company manufactures and sells a single product. A partially completed schedule of
EXERCISE 1-11 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 30,000 to 50,000 units is given below: 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 $16 per unit. Prepare a contribution format income statement for the year
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