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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 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 $8.74 per unit. Prepare a contribution format income statement for the year. Answer is not complete. 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 variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 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 variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 59,000 79,000 99,000 Total costs: Variable cost $ Fixed cost 165,200 390,000 555,200 $ Total costs $ 0 $ 0 Cost per unit: Variable cost Fixed cost Total cost per unit 1 hr 11 $ 0.00 $ 0.00 0.00 $ Required 1 Required 2 Assume that the company produces and sells 89,000 units during the year at a selling price of $8.74 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement Sales Variable expenses Contribution margin OOOOO Fixed expense Net operating income
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