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Harris Company manufactures and sells a single product. A partially completed schedule of company's total and per unit costs over relevant range of $30,000- 50,000
Harris Company manufactures and sells a single product. A partially completed schedule of company's total and per unit costs over relevant range of $30,000- 50,000 units produced and sold eventually is given: Units Produced/Sold=30,000 Total Costs Variable Costs.....$180,000 Fixed Costs........300,000 Total Costs..........$480,000 Cost per unit: Variable Cost.....? Fixed Cost.......? Total Cost per unit....? Units Produced/Sold=40,000 Total Costs Variable Costs.....? Fixed Costs........? Total Costs.........? Cost per unit: Variable Cost.....? Fixed Cost.......? Total Cost per unit....? Units Produced/Sold=50,000 Total Costs Variable Costs.....? Fixed Costs........? Total Costs..........? Cost per unit: Variable Cost.....? Fixed Cost.......? Total Cost per unit....? Required: 1. Complete schedule of company's total and unit costs above. 2. Assume company produces and sells 45,000 units during the year at a selling price of $16 per unit. Prepare contribution formal income statement for the year
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