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 57,000 to 97,000 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 87,000 units during the year at a selling price of $9.27 per unit. Prepare a contribution format income statement for the year.

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
	57,000	77,000	97,000
Total costs:
Variable cost	$131,100
Fixed cost	460,000
Total costs	$591,100	$0	$0
Cost per unit:
Variable cost
Fixed cost
Total cost per unit	$0.00	$0.00	$0.00

Answer 1

If you have any query feel free to ask in comment section. Thanks