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 52,000 to 92,000 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 82,000 units during the year at a selling price of $10.37 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 52,000 72,000 92,000 Total costs: Variable cost Fixed cost $ 176,800 430,000 606,800 $ $ Total costs 0 0 $ Cost per unit Variable cost Fixed cost Total cost per unit $ 0.00 $ 0.00 $ 0.00 Required 2 >

Answer 1

unit podduced and sold S2000 72000 92000 Total cost variable cost 176800 72000 X 3.492000 X 304 2244800 = 312 800 fired cost 430000 430000 430000 606800 674800 742800 Total cost cost per unit 52000 3.4 vastable cost 176 800 Fixed cost 3.4 3.4 Tabor 14300DD 430000 52000 72000 Total cost per unit -8.269 = 5.972 = 11.669 = 9.372 430000 92000 & 4.6739 = 8.0739 2 contribution format Income Statement. Sales revenue (89000 x 11.669) 956858 variable cost (82000 3-4) 11/(278800) contribution margin 678058 lesst fired cost 430000 Net Income 248058