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 69,000 to 109,000 units is given below: Required: 1. 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 99,000 units during the year at a selling price of $7.79 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 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 69,000 89,000 109,000 $ 158,700 400,000 558,700 400,000 400,000 400,000 400,000 S $ $ Total costs: Variable cost Fixed cost Total costs Cost per unit: Variable cost Fixed cost Total cost per unit ſ I 0.00 $ 0.00 $ 0.00

Answer 1

89000 109000 204700 250700 400000 400000 604700650700 Question-1 69000 Total Cost Variable Cost 158700 Fixed cost 400000 Total Cost 558700 cost per unit Variable cost per unit 12.30 Fixed cost Per unit 5.80 Total cost per unit 8.10 Question -2 (for 99000 units) Harris Company Contribution Margin Income Statement 2.30 4.49 6.79 2.30 3.67 5.97 Sales Revenue (99000*7.79) Less: Variable Cost (9000*2.30)) Contribution Margin Fixed cost Income From Operations 771210 227700 543510 400000 143510