Question
Harris Company manufactures and sells a single product. A partially completed schedule of the companys total and per-unit costs over the relevant range of 45,000
Harris Company manufactures and sells a single product. A partially completed schedule of the companys total and per-unit costs over the relevant range of 45,000 to 65,000 units produced and sold annually is given below:
Required:
1. Complete the schedule of the company's total and unit costs. (Do not round intermediate calculations. Enter your "Cost per unit" answers rounded to 2 decimal places. Enter your answers rounded to the nearest whole dollar.)
units produced and sold
45000 55000 65000
variable cost 337500
fixed cost
total cost
cost per unit
variable cost
fixed cost 11.50
total cost per unit
variable cost
2. Assume that the company produces and sells 60,000 units during a year at a selling price of $19.00 per unit. Prepare a contribution margin income statement for the year. (Do not round intermediate calculations. Enter your answers rounded to the nearest whole dollar.)
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