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.)
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