Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. harris company manufactures and sells a single pro

Harris Company manufactures and sells a single product. ...

70.2K

Verified Solution

Question

Accounting

Harris Company manufactures and sells a single product.

Required:
1.

A partially completed schedule of the companys total and per unit costs over the relevant range of 55,000 to 95,000 units produced and sold annually is given below: Complete the schedule of the companys total and unit costs. Round the variable cost and fixed cost to 2 decimal places.)

Units Produced and Sold
55,000 75,000 95,000
Total costs:
Variable costs $181,500
Fixed costs 370,000
Total costs $551,500
Cost per unit:
Variable cost
Fixed cost
Total cost per unit

2.

Assume that the company produces and sells 85,000 units during the year at a selling price of $9.23 per unit. Prepare a contribution format income statement for the year. (Do not round intermediate calculations.)

Harris Company
Contribution Format Income Statement

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How do you write a the security characteristic line equation (SCL) using the regression outputm with...

Finance
Q

Explain how attenuation regulates the trp operon in response to cellular levels of tryptophan

Biology
Q

Read this: Cape Cod National Seashore officials have completed a draft shorebird management plan that proposes killing...

Biology
Q

Briefly describe 10 symptoms associated with dysfunctions of the temporal lobe and whether each listed symptom is...

Medical Sciences
Q

According to the Housing Mobility section of the General Social Survey, Victoria, 2006 (ABS, Catalogue Number: 4159.2.55.001),...

Advance Math
Q

Q25 A 1 0 m long wire carrying a steady current of 1 56 A...

Physics
Q

congruent to AMON N Show your work here ZMON LOMP 70 70 The triangles are...

Geometry
Q

A group of data items and their mean are given Find a the deviation from...

Statistics
Q

Explain the minimum requirements for general purpose external financial reporting for state and local governments

Accounting
Q

Question 2: Brown incorporated a Sole Proprietorship by exchanging all the proprietorship's assets for the...

Accounting
Q

Give me an innovation about how to make a GPS on childrens shoes and we...

Accounting
Q

Your goal is to have $17,500 in your bank account by the end of 12...

Finance