Question
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 57,000 to 97,000 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 87,000 units during the year at a selling price of $8.41 per unit. Prepare a contribution format income statement for the year.
57,000 Units Produced and Sold 77,000 Units Produced and Sold 97,000 Units Produced and Sold Total cost: Variable cost $148,200 Fixed cost 70,000 Total cost $518,200 $0 $0 Cost per unit: Variable cost Fixed cost Total cost per unit$0.00$0.00$0.00
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