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 and per-unit costs over the relevant range of 40,000 to 60,000 units produced and sold is given in the picture:

a) Assume that the company produces and sells 55,000 units during a year at a selling price of $18 per unit. Prepare contribution margin income statement

Units Produced and Sold
40,000
50,000
60,000
Total costs:
Variable costs
280,000
Fixed costs
Total costs
Cost per unit:
Variable costs
11.00
Fixed costs
Total cost per unit
%24
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Transcribed Image Text:Units Produced and Sold 40,000 50,000 60,000 Total costs: Variable costs 280,000 Fixed costs Total costs Cost per unit: Variable costs 11.00 Fixed costs Total cost per unit %24
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