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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
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 50,000 to 90,000 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 80,000 units during the year at a selling price of $9.23 per unit. Prepare a contribution format income statement for the year. Required 1 Required 2 Complete the schedule of the company's total costs and costs per unit as given in the rele variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 50,000 70,000 90,000 Total costs: Variable costs Fixed costs 190,000 310,000 500,000 Total costs $ Cost per unit: Variable cost Fixed cost Total cost per unit Assume that the company produces and sells 80,000 units during the year at a selling price of $9.23 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement
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