Harris Company manufactures and sells a single product. A partially completed sc

Question

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 48,000 to 68,000 units produced and sold annually is given below:

Required:
1.
Complete the schedule of the company's total and unit costs. (Round the "Cost per unit" answers to 2 decimal places.)

Harris Company manufactures and sells a single product. A partally completed schedule of the company's total and per-unit costs over the relevant range of 48,000 to 68,000 units produced and sold annually is given below Required 1. Complete the schedule of the company's total and unit costs. (Round the "Cost per unit" answers to 2 decimal places.) Units Produced and Sold 48,000 68,0 Total costs Variable costs Fixed costs 374,400 566,400 940,800 $1,018,800 $1,096,800 $ Total costs. Cost per unit Variable costs7.0 7.80S Fixed costs 7.80 8.30 11.80 9.70 Total cost per unit 19.60S 17.50 S 16.10 2. Assume that the company produces and sells 63,000 units during a year at a selling price of $19.60 per unit. Prepare a contribution margin income statement for the year HARRIS COMPANY Income Statement For the Year Ended

Explanation / Answer

NOTE:Total fixed expenses and variable expenses/unit do not change with change in units.

2.

48000 58000 68000 Total costs: Variable costs 374400 452400 530400 Fixed costs 566400 566400 566400 Total costs 940800 1018800 1096800 Cost per unit: Variable cost 7.8 7.8 7.8 Fixed costs 11.80 9.77 8.33 Total cost per unit 19.60 17.57 16.13

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

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