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Harris Company manufactures and sells a single product.
1. Assume that the company produces and sells 90,000 units during the year at a selling price of $9.48 per unit. Prepare a contribution format income statement for the year.
Units Produced and Sold
60000
80000
100000
Total costs:
Variable costs
$186,000
Fixed costs
$430,000
Total costs
$616,000
$0
Cost per unit:
Variable cost
Fixed cost
Total cost per unit
$0.00
Required:
1. A partially completed schedule of the company's total and per unit costs over the relevant range of 60,000 to 100,000 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.)
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