Question

Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total and per unit costs over the relevant range of 61,000 to 101,000 units produced and sold annually is given below: Complete the schedule of the company’s total and unit costs. Assume that the company produces and sells 91,000 units during the year at a selling price of $10.10 per unit. Prepare a contribution format income statement for the year. Harris Company manufactures and sells a single product. points Required: 1. A partially completed schedule of the company's total and per unit costs over the relevant range of 61,000 to 101,000 units produced and sold annually is given below: Complete the schedule of the company's total and unit costs. (Round the variable cost and fixed cost to 2 decimal places.) eBook Hint Print Units Produced and Sold 61,000 81,000 References 101,000 $ 201,300 470,000 671,300 $ Total costs: Variable costs Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per unit

Answer 1

Units Produced and Sold 61000 81000 101000 201300 470000 671300 267300 470000 737300 333300 470000 803300 Total Costs: Variables costs Fixed costs Total costs Cost per unit: Variable cost Fixed costs Total Cost per unit 3.30 7.70 11.00 3.30 5.80 9.10 3.30 4.65 7.95 - Harris Company Contribution Format Income statement Sales 919100 Variable expenses 300300 Contribution margin 618800 Fixed expenses 470000 Net operating income 148800