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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
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 59,000 to 99,000 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 89,000 units during the year at a selling price of $8.16 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 Assume that the company produces and sells 89,000 units during the year at a selling price of $8.16 per unit. Prepare a contribution format income statement for the year. Note: Round your intermediate calculations to 2 decimal places. Harris Company Contribution Format Income Statement Sales Variable expenses $ 726,240 231,400 Contribution margin Fixed expense Net operating income < Required 1 Required 2 >
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