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 64,000 to 104,000 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 94,000 units during the year at a selling price of $8.15 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.)
Total cost
Variable cost
Fixed cost
Total cost
Cost per unit:
Variable cost
Fixed cost
Total cost per unit
Required 1
$
$
$
64,000
Units Produced and Sold
84,000
198,400
340,000
538,400 $
0.00 $
Required 2
0$
6
0.00 $
104,000
0
Harris Company
Contribution Format Income Statement
0.00
Required 2 >
Assume that the company produces and sells 94,000 units during the year at a selling price of $8
contribution format income statement for the year.
Note: Round your intermediate calculations to 2 decimal places.
< Required 1
Required 2 >
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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 64,000 to 104,000 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 94,000 units during the year at a selling price of $8.15 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.) Total cost Variable cost Fixed cost Total cost Cost per unit: Variable cost Fixed cost Total cost per unit Required 1 $ $ $ 64,000 Units Produced and Sold 84,000 198,400 340,000 538,400 $ 0.00 $ Required 2 0$ 6 0.00 $ 104,000 0 Harris Company Contribution Format Income Statement 0.00 Required 2 > Assume that the company produces and sells 94,000 units during the year at a selling price of $8 contribution format income statement for the year. Note: Round your intermediate calculations to 2 decimal places. < Required 1 Required 2 >
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