Question
Harris Company manufactures and sells a single product. Required: 1. A partially completed schedule of the companys total and per unit costs over the relevant
Harris Company manufactures and sells a single product.
Required:
1. A partially completed schedule of the companys total and per unit costs over the relevant range of 63,000 to 103,000 units produced and sold annually is given below: Complete the schedule of the companys total and unit costs. Round the variable cost and fixed cost to 2 decimal places.)
2. Assume that the company produces and sells 93,000 units during the year at a selling price of $8.50 per unit. Prepare a contribution format income statement for the year. (Do not round intermediate calculations.
Units Produced and Sold 63,000 83,000 103,000 Total costs: $ Variable costs 176,400 Fixed costs 390,000 $ Total costs 566,400 Cost unit: per Variable cost Fixed cost Total cost unit per Harris Company Contribution Format Income Statement
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