Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 65,000 to 105,000 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 95,000 units during the year at a selling price of $10.48 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.) 65,000 Units Produced and 85,000 Units 105,000 Units Produced and Produced and Sold Sold Sold Total costs Variable costs $ 234,000 Fixed costs 500,000 Total costs S 734,000 $ 05 0 Cost per unit Variable cost 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 95,000 units during the year at a selling price of $10.48 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.) 65,000 Units Produced and Sold 85,000 Units Produced and Sold 105,000 Units Produced and Sold Total costs: Variable costs $ 234,000 Fixed costs 500,000 Total costs $ 734,000 $ 0 $ 0 Cost per unit Variable cost Fixed cost Total cost per unit $ 0.00 $ 0.00 $ 0.00 Required T Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company produces and sells 95,000 units during the year at a selling price of $10.48 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement < Required 1 Required 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Schaums Outline Of Theory And Problems Of Managerial Accounting

Authors: Jae K. Shim, Joel G. Siegel

0070573050, 978-0070573055

More Books

Students also viewed these Accounting questions

Question

Persuading Your Audience Strategies for

Answered: 1 week ago