8.4 Harris Company manufactures a single product. Costs for the year 2015 for output levels of 1,000 and 2,000 units are given in Table P8.4 10. At each level of output, compute the following: a. Total manufacturing costs. b. Manufacturing costs per unit. c. Total variable costs. d. Total variable costs per unit. e. Total costs that have to be recovered if the firm is to make a profit. Table P8.4 Units Produced Direct labor Direct materials Overhead: Variable portion Fixed portion Selling and administrative costs: Variable portion Fixed portion 1,000 $30,000 20,000 12,000 36,000 5,000 22,000 2,000 $60,000 40,000 24,000 36,000 10,000 22,000

8.4 Harris Company manufactures a single product. Costs for the year 2015 for output levels of 1,000 and 2,000 units are given in Table P8.4 10. At each level of output, compute the following: a. Total manufacturing costs. b. Manufacturing costs per unit. c. Total variable costs. d. Total variable costs per unit. e. Total costs that have to be recovered if the firm is to make a profit. Table P8.4 Units Produced Direct labor Direct materials Overhead: Variable portion Fixed portion Selling and administrative costs: Variable portion Fixed portion 1,000 $30,000 20,000 12,000 36,000 5,000 22,000 2,000 $60,000 40,000 24,000 36,000 10,000 22,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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