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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 66,000 to 106,000 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 96,000 units during the year at a selling price of $9.17 per unit. Prepare a contribution format income statement for the year.
- Administrative expenses
- Beginning merchandise inventory
- Cost of goods sold
- Direct labor
- Direct materials
- Ending merchandise inventory
- Fixed expense
- Indirect labor
- Indirect materials
- Manufacturing overhead
- Purchases
- Sales
- Selling expenses
- Variable expenses
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