ation.com Ch. 1 HW for Credit Solved: Espresso Express operates a number of espr

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

1 66000 86000 106000 Total costs: Variable costs 184800 240800 296800 Fixed costs 420000 420000 420000 Total costs 604800 660800 716800 Cost per unit: Variable cost 2.8 2.8 2.8 Fixed cost 6.36 4.88 3.96 Total Cost per unit 9.16 7.68 6.76 2 Sales 833280 =96000*8.68 Variable expenses 268800 =96000*2.8 Contribution margin 564480 Fixed expense 420000 Net operating income 144480

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.