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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 50,000 to 90,000 units is given below:
Required:
- Complete the schedule of the companys total costs and costs per unit as given in the relevant tab below.
- Assume the company produces and sells 80,000 units during the year at a selling price of $9.31 per unit. Prepare a contribution format income statement for the year.
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