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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 65,000 to 105,000 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 95,000 units during the year at a selling price of $8.02 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 company's total costs and costs per unit over the relevant range of 65,000 to 105,000 units is given below: Required: 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below 2. Assume that the company produces and sells 95,000 units during the year at a selling price of $8.02 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 65,000 85,000 105,000 Total costs Variable cost 188,500 Fixed cost 350,000 538,500$ Total costs Cost per unit: Variable cost Fixed cost 0.00$ 0.00$ Total cost per unit 0.00Step by Step Solution
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