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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 55,000 to 95,000 units is given below: 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 85,000 units during the year at a selling price of $11.03 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 companys 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.)

Units Produced and Sold
55,000 75,000 95,000
Total costs:
Variable cost $214,500
Fixed cost 460,000 460,000 460,000
Total costs $674,500 $460,000 $460,000
Cost per unit:
Variable cost
Fixed cost
Total cost per unit $0.00 $0.00 $0.00

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