FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 52,000 to 92,000 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 82,000 units during the year at a selling price of $9.16 per unit. Prepare a contribution
format income statement for the year.
Complete this question by entering your answers in the tabs below.
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
52,000
72,000
92,000
Total costs:
Variable costs
$
171,600
Fixed costs
350,000
350,000
350,000
Total costs
521,600
$
350,000 $
350,000
Cost per unit:
Variable cost
3.30
3.30
3.30
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Transcribed Image Text: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 52,000 to 92,000 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 82,000 units during the year at a selling price of $9.16 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. 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 52,000 72,000 92,000 Total costs: Variable costs $ 171,600 Fixed costs 350,000 350,000 350,000 Total costs 521,600 $ 350,000 $ 350,000 Cost per unit: Variable cost 3.30 3.30 3.30 < Prev 7 of 8 Next >
2. ASSuiTme tiat tITE COMpaliy prouuCeS aliU Selis o2,000 ui ILS uuTIy the yeai ai a SEi ng phce uI p3.TO pei ui IIL. Fiepaie a CoLIIDution
format income statement for the year.
Complete this question by entering your answers in the tabs below.
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
52,000
72,000
92,000
Total costs:
Variable costs
$
171,600
Fixed costs
350,000
350,000
350,000
Total costs
$
521,600 $
350,000
$
350,000
Cost per unit:
Variable cost
3.30
3.30
3.30
Fixed cost
Total cost per unit
3.30
3.30
$
3.30
< Required 1
Required 2
<>
< Prev
7 of 8
Next >
expand button
Transcribed Image Text:2. ASSuiTme tiat tITE COMpaliy prouuCeS aliU Selis o2,000 ui ILS uuTIy the yeai ai a SEi ng phce uI p3.TO pei ui IIL. Fiepaie a CoLIIDution format income statement for the year. Complete this question by entering your answers in the tabs below. 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 52,000 72,000 92,000 Total costs: Variable costs $ 171,600 Fixed costs 350,000 350,000 350,000 Total costs $ 521,600 $ 350,000 $ 350,000 Cost per unit: Variable cost 3.30 3.30 3.30 Fixed cost Total cost per unit 3.30 3.30 $ 3.30 < Required 1 Required 2 <> < Prev 7 of 8 Next >
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