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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 58,000 to 98,000 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 88,000 units during the year at a selling price of $9.60 per unit. Prepare a contribution format income statement for the year.

  • Required 1
  • Required 2

Complete the schedule of the companys total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.)

Units Produced and Sold
58,000 78,000 98,000
Total costs:
Variable costs $156,600
Fixed costs 460,000
Total costs $616,600 $0 $0
Cost per unit:
Variable cost
Fixed cost
Total cost per unit $0.00 $0.00

$0.00

Assume that the company produces and sells 88,000 units during the year at a selling price of $9.60 per unit. Prepare a contribution format income statement for the year.

Harris Company
Contribution Format Income Statement

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