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 68,000 to 108,000 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.

2. Assume that the company produces and sells 98,000 units during the year at a selling price of $8.76 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 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.)

1

	Units Produced and Sold
	68,000	88,000	108,000
Total costs:
Variable costs	$265,200
Fixed costs	340,000
Total costs	$605,200
Cost per unit:
Variable cost
Fixed cost
Total cost per unit

Assume that the company produces and sells 98,000 units during the year at a selling price of $8.76 per unit. Prepare a contribution format income statement for the year.

2

Harris Company
Contribution Format Income Statement