Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total...

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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 60,000 to 100,000 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 90,000 units during the year at a selling price of $9.35 per unit. Prepare a contribution format income statement for the year.

Units Produced and Sold 60,000 80,000 100,000 Total costs Variable costs 246,000 340,000 586,000$ Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per unit 0.00 $ 0.00 $ 0.00

Assume that the company produces and sells 90,000 units during the year at a selling price of $9.35 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement

business accounting

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