1. A partially completed schedule of the company’s total and per unit costs over

Question

1. A partially completed schedule of the company’s total and per unit costs over the relevant range of 56,000 to 96,000 units produced and sold annually is given below: Complete the schedule of the company’s total and unit costs. Round the variable cost and fixed cost to 2 decimal places.
2. Assume that the company produces and sells 86,000 units during the year at a selling price of $8.14 per unit. Prepare a contribution format income statement for the year. (Do not round intermediate calculations.)
1. A partially completed schedule of the company's total and per unit costs over the relevant range of 56,000 to 96,000 units produced and sold annually is given below: Complete the schedule of the s 0.00 $ 000 s 0.00 2. Assume that the company produces and sells 86,000 units during the year at a selling price of S8.14 per unit. Prepare a contribution format income statement for the year. (Do not round

Explanation / Answer

1) A complete schedule :

Contribution margin statement :

56000 76000 96000 Total costs : Variable cost 156800 212800 268800 Fixed cost 330000 330000 330000 Total costs 486800 542800 598800 Cost per unit Variable cost per unit 2.80 2.80 2.80 Fixed cost per unit 5.89 4.34 3.44 Total cost per unit 8.69 7.14 6.24

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