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Lasalle manufactures and sells a single product. A partially completed schedule of the companys total and per-unit costs over the relevant range of 30,000 to
Lasalle manufactures and sells a single product. A partially completed schedule of the companys total and per-unit costs over the relevant range of 30,000 to 50,000 units produced and sold annually is given below:
Required:
1. Complete the schedule of the company's total and unit costs. (Round the "Cost per unit" answers to 2 decimal places.)
UNITS | PRODUCED | AND SOLD | |
30,000 | 40,000 | 50,000 | |
Total costs: | $300,000 | ||
Variable costs | |||
Fixed costs | |||
Total costs | |||
Cost per unit: | |||
Variable costs | |||
Fixed costs | 10.00 | ||
Total costs per unit |
2. Assume that the company produces and sells 38,000 units during a year at a selling price of $16 per unit. Prepare a contribution margin income statement for the year.
HARRIS | COMPANY |
CONTRIBUTION MARGIN | INCOME STATEMENT |
- | - |
- | - |
- | - |
- | - |
- | -___________________ |
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