Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
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 63,000 to 103,000 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 93,000 units during the year at a selling price of $8.90 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 company's 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.) 63,000 Units Produced and Sold 83,000 Units Produced and 103,000 Units Produced and Sold Sold $ Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost 201,600 390,000 591,600 $ $ 0 $ 0 Fixed cost Total cost per unit $ 0.00 $ 0.00 $ 0.00 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 63,000 to 103,000 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 93,000 units during the year at a selling price of $8.90 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 93,000 units during the year at a selling price of $8.90 per unit. Prepare a contribution format Income statement for the year. Harris Company Contribution Format Income Statement Sales 827,700 Variable expenses Contribution margin Fixed expense Net operating income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Retirement Income Recipes In R From Ruin Probabilities To Intelligent Drawdowns

Authors: Moshe Arye Milevsky

1st Edition

3030514331, 9783030514334

More Books

Students also viewed these Accounting questions

Question

What is the name of the program?

Answered: 1 week ago

Question

What role does communication play in developing personal identity?

Answered: 1 week ago