Question
Harris Company manufactures and sells a single product. A partially completed schedule of the companys total costs and costs per unit over the relevant range
Harris Company manufactures and sells a single product. A partially completed schedule of the companys total costs and costs per unit over the relevant range of 57,000 to 97,000 units is given below:
Required:
1. Complete the schedule of the companys 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.)
2. Assume that the company produces and sells 87,000 units during the year at a selling price of $9.84 per unit. Prepare a contribution format income statement for the year.
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