Question
Harris Company manufactures and sells a single product. A partially completed schedule of the companys total and per-unit costs over the relevant range of 42,000
Harris Company manufactures and sells a single product. A partially completed schedule of the companys total and per-unit costs over the relevant range of 42,000 to 62,000 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.)
2. Assume that the company produces and sells 57,000 units during a year at a selling price of $18.40 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.)
62,000 area is
variable cost under 62,000 in the table 302,400
Cost per Unit
Fixed Cost $11.20
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