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Parker Company manufactures and sells a single product. A partially completed schedule of the company's total and per unit costs over a relevant range of
Parker Company manufactures and sells a single product. A partially completed schedule of the company's total and per unit costs over a relevant range of 72,000 to 135,000 units produced and sold each year is given below: Required: 1. Complete the schedule of the company's total and unit costs. (Round "Cost per unit" answers to 2 decimal places.) Units Produced and Sold 72,000 90,000 135,000 $ Total costs: Variable costs Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per unit 147,600 432,000 579,600 $ 2. Assume that the company produces and sells 120,000 units during the year at a selling price of $6.00 per unit. Prepare a contribution format income statement for the year.
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