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Harris Company manufactures and sells a single product. A partially completed schedule of the company's total and per-unit costs over the relevant range of 49,000
Harris Company manufactures and sells a single product. A partially completed schedule of the company's total and per-unit costs over the relevant range of 49,000 to 69,000 units produced and sold annually is given below. Required: 1. Complete the schedule of the company's total and unit costs. (Do not round intermediate calculations. Enter your "Cost per unit" answers rounded to 2 decimal places. Enter your answers rounded to the nearest whole dollar.) Units Produced and Sold 49,000 59,000 69,000 $ 274,897 $ 330,996 $ 387,100 Total costs Variable costs Fixed costs Total costs Cost per unit: Variable costs Fixed costs Total cost per unit 11.90 2. Assume that the company produces and sells 64.000 units during a year at a selling price of $19.80 per unit. Prepare a contribution margin income statement for the year. (Do not round intermediate calculations. Enter your answers rounded to the nearest whole dollar.) HARRIS COMPANY Contribution Margin Income Statement Sales Less: Variable expense Contribution margin Less: Fixed expense Net income
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