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 62,000 to 102,000 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 92,000 units during the year at a selling price of $9.51 per unit. Preparea contribution format income statement for the year. Complete this question by entering your answers in the tabs below Required 1Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 62,000 82,000 102,000 Total costs 179,800 460,000 639,800$ Variable costs Fixed costs Total costs Cost per unit Variable cost Fixed cost Total cost per unit 0.00$ 0.00$ 0.00 Required 1 Required 2>

Answer 1

1
	Units producedand sold
	62000	82000	102000
Total costs:
Variable costs	179800	237800	295800
Fixed costs	460000	460000	460000
Total costs	639800	697800	755800
Cost per unit:
Variable cost	2.90	2.90	2.90
Fixed cost	7.42	5.61	4.51
Total Cost per unit	10.32	8.51	7.41
2
Contribution Format Income Statement
Sales revenue	874920	=92000*9.51
Variable costs	266800	=92000*2.90
Contribution margin	608120
Fixed costs	460000
Net operating income	148120