Question

Harris 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 61,000 to 101.000 units is given below: Required: Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 91,000 units during the year at a selling price of $9.39 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company produces and sells 91,000 units during the year at a selling price of $9.39 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement

Complete this question by entering your answers in the tabs below.

Complete the schedule of the company’s total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.)

	Units Produced and Sold 61,000 81,000 101,000 Total costs: Variable costs $225,700 299,700 373,700 Fixed costs 380,000 380,000 4 Total costs $605,700 $679,700 $373,704 Cost per unit: Variable cost 3.70 3.70 3.70 Fixed cost 6.23 4.69 3.76 Total cost per unit $9.93 $8.39 $7.46

Answer 1

The ansewr has been presented in the supporting sheet. All the parts has been solved with detailed explanation and format. For detailed answer refer to the supporting sheet.

Answer 2 Part 1) Unit produced and sold 610001 81000 101000 2257001 380000 605700 299700 380000 679700 373700 380000 753700 5 Total Costs 5 Variable cost - Fixed Cost 3 Total costs e Cost per unit 0 Variable cost 1 Fixed Cost 2 Total cost per unit 3.70 6.23 9.93| 3.70 4.69 8.39 3.70 3.76 7.46 4 Part 20 Harris Company 6 Contribution Format Income Statement 7 Sales (9.39*91000) $ 854,490 8 Variable Cost (3.7*91000) $ 336,700 9 Contribution Margin $ 517,790 0 Fixed Cost $ 380,000 1 Net Income $ 137,790 3 For any other help please comment in the comment box 4 Thank You