Harris Company manufactures and sells a single product. A partially completed schedule of the company's...
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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 60,000 to 100,000 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 90,000 units during the year at a selling price of $8.88 per unit. Prepare a contribution format income statement for the year. 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 60,000 80,000 100,000 Total costs: Variable cost 210,000 Fixed cost 350,000 560,000 Total costs Cost per unit: Variable cost Fixed cost Total cost per unit Required 1Required 2 Assume that the company produces and sells 90,000 units during the year at a selling price of $8.88 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement
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