Question # 3: The Morris 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 30,000 to 50,000 units is given below:

	UNITS PRODUCED AND SOLD
Costs	30,000	40,000	50,000
Total Costs:
Variable Cost	$180,000	?	?
Fixed Cost	$300,000	?	?
Total Costs	$480,000	?	?
Costs Per Unit:
Variable Cost	?	?	?
Fixed Cost	?	?	?
Total Cost Per Unit	?	?	?

Required:

1. Complete the schedule above of the company's total costs per unit.

2. Assume that the company produces and sells 45,000 units during the year at a selling price of $16 per unit. Show a contribution format income statement for the year.