Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range

Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range of 64,000 to 104,000 units is given below:
Required:
Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below.
Assume the company produces and sells 94,000 units during the year at a selling price of $7.67 per unit. Prepare a contribution format income statement for the year.
Complete this question by entering your answers in the tabs below.
Required 1
Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below.
Note: Round the per unit variable cost and fixed cost to 2 decimal places.
\table[[,Units Produced and Sold],[,64,000,84,000,104,000],[Total cost:],[Variable cost,$,160,000,,,,],[Fixed cost,,350,000,,,,],[Total cost,$,510,000,$,0,$,0],[Cost per unit:],[Variable cost],[Fixed cost],[Total cost per unit,$,0.00,$,0.00,$,0.00]]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting A Smart Approach

Authors: Mary Carey, Jane Towers-Clark, Cathy Knowles

2nd Edition

0199674914, 978-0199674916

More Books

Students also viewed these Accounting questions

Question

Does the duty to accommodate apply in this case?

Answered: 1 week ago