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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

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 69,000 to 109,000 units is given below:

69,000 Units Produced and Sold 89,000 Units Produced and Sold 109,000 Units Produced and Sold
Total cost:
Variable cost $200,100
Fixed cost 320,000
Total cost $520,100 $0 $0
Cost per unit:
Variable cost
Fixed cost
Total cost per unit $0.00 $0.00 $0.00
Harris Company
Contribution Format Income Statement

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 99,000 units during the year at a selling price of $7.50 per unit. Prepare a contribution format income statement for the year.

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