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Harris Company manufactures and sells a single product. Required: 1. A partially completed schedule of the company's total and per unit costs over the relevant
Harris Company manufactures and sells a single product. Required: 1. A partially completed schedule of the company's total and per unit costs over the relevant range of 58,000 to 98,000 units produced and sold annually is given below: Complete the schedule of the company's total and unit costs. Round the variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 58,000 78,000 98,000 Total costs: Variable costs $ 156,600 Fixed costs 460,000 616,600 $ Total costs $ 0 $ 0 Cost per unit: Variable cost Fixed cost Total cost per unit $ 0.00 $ 0.00 $ 0.00 2. Assume that the company produces and sells 88,000 units during the year at a selling price of $9.60 per unit. Prepare a contribution format income statement for the year. (Do not round intermediate calculations.) Harris Company Contribution Format Income Statement
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