ation.com Ch. 1 HW for Credit Solved: Espresso Express operates a number of espr
ID: 2331607 • Letter: A
Question
ation.com Ch. 1 HW for Credit Solved: Espresso Express operates a number of espresso coffee s...I Chegg.com Back This window shows your responses and what was marked correct and incorrect from your previous attempt. 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 66,000 to 106,000 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 96,000 units during the year at a selling price of $8.68 per unit. Prepare a contribution format income statement for the year. 16.25/25 points awarded Scored 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 66,000 86,000 106,000 Total costs: 189,200 233,000 00004 609.200 653,000 Variable costs 184,800 420,000 604,800 Fixed costs 420,000 Total costs Cost per unit 2.20 6.36 8.56 2.20 3.96 6.16 Variable cost 2 20 4.88 7.08 $ Fixed cost Total cost per unit Required 2>Explanation / Answer
Harris Company
Contribution Format Income Statement
Sales (96000 * $8.68)
$833280
Variable expenses
$268800
Contribution margin
$564480
Fixed expense
$420000
Net operating income
$144480
Harris Company
Contribution Format Income Statement
Sales (96000 * $8.68)
$833280
Variable expenses
$268800
Contribution margin
$564480
Fixed expense
$420000
Net operating income
$144480
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