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Exercise 2-10 Cost Behavior; Contribution Format Income Statement [LO2-4, LO2-6] Harris Company manufactures and sells a single product. Required: 1. A partially completed schedule of
Exercise 2-10 Cost Behavior; Contribution Format Income Statement [LO2-4, LO2-6] Harris Company manufactures and sells a single product. Required: 1. A partially completed schedule of the company's total and per unit costs over the relevant range of 62,000 to 102,000 units produced and sold annually is given below: Complete the schedule of the company's total and unit costs. Round the variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 62,000 82,000 102,000 Total costs: Variable costs Fixed costs 241,800 440,000 681,800 $ $ 0 $ Total costs Cost per unit: Variable cost Fixed cost Total cost per unit $ 0.00 $ 0.00 $ 0.00 2. Assume that the company produces and sells 92,000 units during the year at a selling price of $10.27 per unit. Prepare a contribution format income statement for the year. (Do not round intermediate calculations.) Harris Company Contribution Format Income Statement
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