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 66,000 to 106,000 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.)
Units Produced and Sold | |||
66,000 | 86,000 | 106,000 | |
Total Costs | |||
Variable Costs | 224,400 | ||
Fixed Costs | 380,000 | ||
Total Costs | 604,400 | ||
Cost Per Unit: | |||
Variable Cost | |||
Fixed Cost | |||
Total Costs Per Unit |
Assume that the company produces and sells 96,000 units during the year at a selling price of $8.82 per unit. Prepare a contribution format income statement for the year. (Do not round intermediate calculations.)
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