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Required: 1. A partially completed schedule of the company's total and per unit costs over a relevant range of 55,000 to 95,000 units produced and
Required: 1. A partially completed schedule of the company's total and per unit costs over a relevant range of 55,000 to 95,000 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 55,000 75,000 95,000 Total costs: Variable costs $ 170,500 $ $ Fixed costs 420,000 Total costs $ 590,500 $ $ Cost per unit: Variable cost $ $ $ Fixed cost Total cost per unit $ $ $ 2. Assume that the company produces and sells 85,000 units during the year at the selling price of $9.70 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
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