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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 68,000 to 108,000 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 98,000 units during the year at a selling price of $7.85 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.) 68,000 Units Produced and 88,000 Units Produced and 108,000 Units Produced and Sold Sold Sold Total costs: Variable costs $ 210,800 Fixed costs 330,000 Total costs $ 540,800 Cost per unit Variable cost Fixed cost Total cost per unit Complete this question by entering your answers In the tabs below. Required 1 Required 2 Assume that the company produces and sells 98,000 units during the year at a selling price of $7.85 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement
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