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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 64,000 to 104,000 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 94,000 units during the year at a selling price of $8.70 per unit. And elaborate a contribution format income statement for the year.
Units Produced and Sold
64,000 | 84,000 | 104,000 | |
Total Cost: | |||
Variable Cost | $ 211,200 | ||
Fixed Cost | 370,000 | ||
Total Cost | $ 581,200 | $ | $ |
Cost per unit: | |||
Variable cost | |||
Fixed cost | |||
Total cost per unit | $ | $ | $ |
Harris Company
Contribution Format Income Statement
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