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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 the company's
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 60,000 to 100,000 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 90,000 units during the year at a selling price of $9.00 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 variable cost and fixed cost to 2 decimal places.) Units Produced and Sold Gom 80.000 100,000 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 variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 60,000 80,000 100,000 Total costs: Variable cost $ 240,000 Fixed cost 320,000 560,000 $ Total costs Cost per unit: Variable cost Fixed cost Total cost per unit Required 2 > Red Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company produces and sells 90,000 units during the year at a selling price of $9.00 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement Required
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