Harris Company manufactures and sells a single product. A partially completed schedule of the company's total...

Question

Question

Harris Company manufactures and sells a single product. A partially completed schedule of the companys total costs and costs

Required 1 Required 2 Complete the schedule of the companys total costs and costs per unit as given in the relevant tab belo

Required 1 Required 2 Assume that the company produces and sells 89,000 units during the year at a selling price of $8.84 per

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

	Units produced and Sold
	59000	79000	99000
Total Costs:
Variable Costs	$141600	=79000*2.4 =$189600	=99000*2.4 = $237600
Fixed Costs	$430000	$430000	$430000
Total Costs	$571600	= $189600+$430000 =$619600	$667600

Cost per unit
Variable cost	= $141600/59000 = $2.4	$2.4	$2.4
Fixed cost	= $430000/59000 = $7.29	= $430000/79000 = $5.44	= $430000/99000 = $4.34
Total Cost per unit	=$2.4+7.29 = $9.69	= $7.84	=$6.74



Contribution format Income Statement
Sales (89000*$8.84)	$786760
Less: variable cost (89000*$2.4)	$213600
Contribution	$573160
Less: Fixed cost	$430000
Operating Profit	$143160

Add a comment

Answer 2

Similar Homework Help Questions

Harris Company manufactures and sells a single product. A partially completed schedule of the company's total...

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 69,000 to 109,000 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 99,000 units during the year at a selling price of $8.21 per unit. Prepare a contribution format Income...
Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total...

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 59,000 to 99,000 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. Units Produced and Sold 59,000 79,000 99,000 Total costs: Variable costs $159,300 Fixed costs 430,000 Total costs $589,300 Cost per unit: Variable cost Fixed cost Total...
Harris Company manufactures and sells a single product. A partially completed schedule of the company's total...

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 69,000 to 109,000 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 99,000 units during the year at a selling price of $7.79 per unit. Prepare a contribution format income...

Harris Company manufactures and sells a single product. A partially completed schedule of the company's total...

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 69,000 to 109,000 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 99,000 units during the year at a selling price of $8.98 per unit. Prepare a contribution format income...
Harris Company manufactures and sells a single product. A partially completed schedule of the company's total...

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 59,000 to 99,000 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 89.000 units during the year at a selling price of 58.78 per unit. Prepare a contribution format income...
1. Harris Company manufactures and sells a single product. A partially completed schedule of the company’s...

1. 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 59,000 to 99,000 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 89,000 units during the year at a selling price of $8.32 per unit. Prepare a contribution format...

Harris Company manufactures and sells a single product. A partially completed schedule of the company's total...

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 54,000 to 94,000 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 84,000 units during the year at a selling price of $9.40 per unit. Prepare a contribution format income...
Harris Company manufactures and sells a single product. A partially completed schedule of the company's total...

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 51,000 to 91,000 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 81,000 units during the year at a selling price of $10.92 per unit. Prepare a contribution format income...
Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total...

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 59,000 to 99,000 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 89,000 units during the year at a selling price of $10.23 per unit. Prepare a contribution format income...

Harris Company manufactures and sells a single product. A partially completed schedule of the company's total...

Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs pe 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 $9.93 per unit. Prepare a contribution format income...

Harris Company manufactures and sells a single product. A partially completed schedule of the company's total...

Homework Answers