Harris Company manufactures and sells a single product. A partially completed schedule of the company's...
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Accounting
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 $9.67 per unit. Prepare a contribution format income statement for the year. Units Produced and Sold 51,000 71,000 91,000 Total costs: Variable cost Fixed cost 147,900 410,000 557,900 Total costs $ 0 $ Cost per unit: Variable cost Fixed cost Total cost per unit $ 0.00 $ 0.00 $ 0.00 Harris Company Contribution Format Income Statement Sales $ 783,270 Variable expenses Contribution margin Fixed expense Net operating income
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