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Harris Company manufactures and sells a single product. A partially completed schedule of the company's total and per-unit cos over the relevant range of 41,000
Harris Company manufactures and sells a single product. A partially completed schedule of the company's total and per-unit cos over the relevant range of 41,000 to 61,000 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.) Units Produced and Sold 41,000 51,000 61,000 Total costs: Variable costs $ 291,100 Fixed costs Total costs Cost per unit: Variable costs Fixed costs 11.10 Total cost per unit 2. Assume that the company produces and sells 56,000 units during a year at a selling price of $18.20 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.) HARRIS COMPANY Contribution Margin Income Statement
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