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 52,000 to 92,000 units is given below:
Required:
Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below.
Assume that the company produces and sells 82,000 units during the year at a selling price of $10.41 per unit. Prepare a contribution format income statement for the year.
Complete this question by entering your answers in the tabs below.
Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.)
\table[[,\table[[52,000 Units],[Produced and],[Sold]],\table[[72,000 Units],[Produced and],[Sold]],\table[[92,000 Units],[Produced and],[Sold]]],[Total cost:],[Variable cost,$,135,200,,,,],[Fixed cost,,490,000,,,,],[Total cost,$,625,200,$,0,$,0],[Cost per unit:],[Variable cost],[Fixed cost],[Total cost per unit,$,0.00,$,0.00,$,0.00]]
Complete this question by entering your answers in the tabs below.
Required 2
Assume that the company produces and sells 82,000 units during the year at a selling price of $10.41 per unit. Prepare a contribution format income statement for the year.
Note: Round your intermediate calculations to 2 decimal places.
image text in transcribed

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

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

10th Edition

1119491630, 978-1119491637, 978-0470534793

More Books

Students also viewed these Accounting questions