Question

Check my work 6 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 53,000 to 93,000 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 83,000 units during the year at a selling price of $10.09 per unit. Prepare a contribution format income statement for the year. nts Skipped Complete this question by entering your answers in the tabs below. eBook Hint References 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 Total costs: Variable costs Fixed costs 169,600 430,000 599,600 $ Total costs Cost per unit Variable cost Fixed cost Total cost per unvit 0.00 $ 0.00 $ 0.00 Next > < Prev6 of 7

Answer 1

1) Schedule

	Unit produced and sold
	53000	73000	93000
Total Costs
variable costs	169600	233600	297600
Fixed cost	430000	430000	430000
Total Costs	599600	663600	727600
Cost per unit
variable cost	3.20	3.20	3.20
Fixed cost	8.11	5.89	4.62
Total Cost per unit	11.31	9.09	7.82

Income statement

Sales (83000*10.09)	837470
Variable cost (83000*3.2)	265600
Contribution margin	571870
Fixed cost	430000
Net operating income	141870