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I need help on Required 2 Contribution Format Income Statement Harris Company manufactures and sells a single product. A partially completed schedule of the company's
I need help on Required 2 Contribution Format Income Statement
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 53,000 to 93,000 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 83,000 units during the year at a selling price of $10.07 per unit. Prepare a contribution format income statement for the year, Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Read 1 Complete the schedule of the company's total costs and costs per unit is given in the relevant tab below. (Round the per unit warble cost and fixed cost to 2 decimal places) Units Produced and Sold 69 000 73,000 93.000 Total costs cos Faedo 5 212.000 370,000 500.000 292.000 370.000 062 000 372.000 370,000 742,000 5 5 Soint. It does Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required: Required 2 Assume that the company produces and sells 83,000 units during the year at a selling price of $10.07 per unit. Prepare a contribution format income statement for the year. Hamis Company Contribution Format Income Statement Sales $ 8.410.6073 Vanable penes 332 000 Contribution margin 8,084 607 Foed opens 835 810 Morating income $ 7248 707 Step by Step Solution
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