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 101000 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 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 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 1 01,000 Total costs Variable costs Fixed costs $ 225.700 380,000 605,700 Total costs Cost per unit Variable cost Fixed cost Total cost per unit Regined 2 >

Answer 1

units produced and 61000 81000 hold 101000] Total cost Variable cost fixed cost Total cost 25700 380.00 Gostoo & 99700 380000 679700 373700 380000 753700 3.7 Cost perunit Veniable cost Fixed cost Total cost piu 3.7. 6.23 9.93 3.7 4.69 8.39 3.76 7.46 2 less Contribution formate Income Statement Sales (9.39 x 0 g 1000) 85uugo Vartable cost (3-7x91000) 336700 Contribution 517790 Fixed cost 389000 Profit 1377go less note: fixed cost not youy on the Bases of nor of unlt. It Remain same,