Parker Company manufactures and sells a single product.

Required:

1.	A partially completed schedule of the company's total and per unit costs over a relevant range of 58,000 to 98,000 units produced and sold each year is given below. Complete the schedule of the company's total and unit costs. (Round the "Cost per unit" to 2 decimal places.)

		Units Produced and Sold
		58,000	78,000	98,000
Total costs:
Variable costs		$ 174,000	$	$
Fixed costs		470,000
Total costs		$ 644,000	$	$
Cost per unit:
Variable cost		$	$	$
Fixed cost
Total cost per unit		$	$	$

2.	Assume that the company produces and sells 88,000 units during the year at the selling price of $10.03 per unit. Prepare a contribution format income statement for the year. (Input all amounts as positive values except losses which should be indicated by a minus sign.)

Parker Company Contribution Format Income Statement
(Click to select)CashFixed expensesSalesSelling expensesVariable expenses	$
(Click to select)Selling expensesFixed expensesVariable expensesSalesCash
(Click to select)Net operating lossGross marginContribution marginNet operating income
(Click to select)SalesCashFixed expensesVariable expensesSelling expenses
(Click to select)Gross marginNet operating incomeContribution marginNet operating loss	$