Exercise D: Behavior of costs; Statement of income in contribution format (Value: 12 points) The...
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Accounting
Exercise D: Behavior of costs; Statement of income in contribution format (Value: 12 points)
The Sunset Company, Inc. manufactures and sells a unique product. The following table presents the total and unit costs within a relevant level of 30,000 to 60,000 units produced and sold annually. Complete the information in the table.
Units manufactured and sold 35,000 45,000 55,000 total costs Fixed costs $75,000 Variable costs $180,000 Total costs $255,000 Unit cost Unit fixed cost Unit variable cost Total unit cost Prepares an Income Statement in contribution format for a production level of 60,000 units per year sold at $25.00 each.
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