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Harris Company manufactures and sells a single product. A partially completed schedule of the company's total and per-unit costs over the relevant range of 50,000
Harris Company manufactures and sells a single product. A partially completed schedule of the company's total and per-unit costs over the relevant range of 50,000 to 70,000 units produced and sold annually is given below: Required: 1. Complete the schedule of the company's total and unit costs. (Do not round intermediate calculations. Enter your "Cost per unit" answers rounded to 2 decimal places. Enter your answers rounded to the nearest whole dollar.) 1:09:03 Units Produced and Sold 50,000 60,000 70,000 Total costs Variable costs $ 400,000 Fixed costs Total costs Cost per unit: Variable costs Fixed costs Total cost per unit 12.00 2. Assume that the company produces and sells 65,000 units during a year at a selling price of $20.00 per unit. Prepare a contribution margin income statement for the year. (Do not round intermediate calculations. Enter your answers rounded to the nearest whole dollar.) 2. Assume that the company produces and sells 65,000 units during a year at a selling price of $20.00 per unit. Prepare a contribution margin income statement for the year. (Do not round intermediate calculations. Enter your answers rounded to the nearest whole dollar.) HARRIS COMPANY Contribution Margin Income Statement
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