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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 62,000 to 102,000 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 92,000 units during the year at a selling price of $9.56 per unit. Prepare a contribution format income statement for the year.

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 62,000 to 102,000 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 92,000 units during the year at a selling price of $9.56 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
62,000 82,000 102,000
Total costs:
Variable cost $235,600
Fixed cost 390,000
Total costs $625,600
Cost per unit:
Variable cost
Fixed cost
Total cost per unit

  • Required 2

Assume that the company produces and sells 92,000 units during the year at a selling price of $9.56 per unit. Prepare a contribution format income statement for the year.

Harris Company
Contribution Format Income Statement
  • Required 1
  • Required 2

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