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I need help! will give thumbs up! Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] Harris Company manufactures and sells a single
I need help! will give thumbs up!
Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] 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 57,000 to 97.000 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 87,000 units during the year at a selling price of $10.17 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. 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.) 57,000 Units Produced and Sold 77,000 Units Produced and Sold 97,000 Units Produced and Sold $ 182,400 460,000 642,400 $ Total costs: Variable costs Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per unit Required Required 2 > Step by Step Solution
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