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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text: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
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