question archive Harris Company manufactures and sells a single product
Subject:AccountingPrice:2.84 Bought6
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 69,000 to 109,000 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 99.000 units during the year at a selling price of $883 per unit. Prepare a contribution format income statement for the year. 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 69,000 89,000 109,000 $ 207.000 430.000 637 000 $ $ 0 $ Total costs Variable costs Flored costs Total costs Cost per unit Variable cost Fixed cost Total cost per unit S 0.005 0.00 S 0.00 Required 2 >
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 69,000 to 109.000 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 99,000 units during the year at a selling price of $8.83 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company produces and sells 99,000 units during the year at a selling price of 38.83 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement Sales Variable expenses Contribution margin Fored expense Net operating Income
REQUIRED-PART:-1 | |||
69000 | 89000 | 109000 | |
Total Cost | |||
1. Variable Cost | 207000 | 267000 | 327000 |
2. Fixed Cost | 430000 | 430000 | 430000 |
Total Cost | 637000 | 697000 | 757000 |
Cost per unit | |||
1. Variable Cost | 3 | 3 | 3 |
2. Fixed Cost | 6.23 | 4.83 | 3.94 |
Total cost per unit | 9.23 | 7.83 | 6.94 |
Contribution format Income Statement | |
99000 Units | |
Sales | 874170 |
Less: Variable cost | 297000 |
Contribution | 577170 |
Less: Fixed Cost | 430000 |
Profit | 147170 |