Harris Company manufactures and sells a single product. Required 1. A partially

Question

Harris Company manufactures and sells a single product. Required 1. A partially completed schedule of the company's total and per unit costs over the relevant range of 30,000 to 50,000 units produced and sold annually is given below. Complete the schedule of the company's total and unit costs. (Round the per unit variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 30,000 40,000 50,000 Total costs: Variable costs S 180,000 Fixed costs 300,000 Total costs 480,000 S Cost per unit: Variable cost Fixed cost Total cost per unit 0.00 S 0.00 S 0.00 2. Assume that the company produces and sells 45,000 units during the year at a selling price of $16 per unit. Prepare a contribution format income statement for the year Harris Company Contribution Format Income Statement

Explanation / Answer

1)statement showing total cost per unit at diffrent production levals  

units producedand sold

2)statement showing income under contibution format of harris company

note;

1)veriable cost per unit constant&total varies according to the production

2)fixed cost total constant ir respective of production&per unit changes

particularas 30000 40000 50000 Total cost: veriable cost$ 180000 240000 300000 fixed cost $ 300000 300000 300000 Totalcost 480000 540000 600000 Total cost per unit 16 13.5 12 veriable cost per unit 6 6 6 fixed cost per unit 10 7.5 6

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