Harris Company manufactures and sells a single product. Required: 1. A partially completed schedule of...
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Accounting
Harris Company manufactures and sells a single product. Required: 1. A partially completed schedule of the company's total and per unit costs over the relevant range of 66,000 to 106,000 units produced and sold annually is given below: Complete the schedule of the company's total and unit costs. (Round the variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 66,000 86,000 106,000 Total costs: $145,200 420,000 $565,200 Variable costs Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per unit 2. Assume that the company produces and sells 96,000 units during the year at a selling price of $8.08 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement
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