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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:
- Complete the schedule of the companys total costs and costs per unit as given in the relevant tab below.
- Assume the company produces and sells 88,000 units during the year at a selling price of $8.82 per unit. Prepare a contribution format income statement for the year.
Complete this question by entering your answers in the tabs below.
- Required 1
- Required 2
Complete the schedule of the companys total costs and costs per unit as given in the relevant tab below.
Note: Round the per unit variable cost and fixed cost to 2 decimal places.
Units Produced and Sold 58,00078,00098,000Total cost: Variable cost$185,600 Fixed cost360,000360,000360,000Total cost$545,600$360,000$360,000Cost per unit: Variable cost Fixed cost Total cost per unitStep by Step Solution
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