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Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] 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 54,000 to 94,000 units is given below. Required: 1. Complete the schedule of the cpany's total costs and costs per unit as given in the relevant tab below 2. Assume that the company produces and sells 84,000 units during the year at a selling price of $9.28 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.) Total cost Variable cost Fixed cost Total cost Cost per unit Variable cost Fixed cost Total cost per unit $ $ $ 54,000 Units Produced and Sold 74,000 118,800 450,000 568,800 $ 0.00 $ 0 S 0.00 $ < Prev 4 of 5 Next >

Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] 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 54,000 to 94,000 units is given below. Required: 1. Complete the schedule of the cpany's total costs and costs per unit as given in the relevant tab below 2. Assume that the company produces and sells 84,000 units during the year at a selling price of $9.28 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.) Total cost Variable cost Fixed cost Total cost Cost per unit Variable cost Fixed cost Total cost per unit $ $ $ 54,000 Units Produced and Sold 74,000 118,800 450,000 568,800 $ 0.00 $ 0 S 0.00 $ < Prev 4 of 5 Next >

FINANCIAL ACCOUNTING
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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Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] 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 54,000 to 94,000 units is given below. Required: 1. Complete the schedule of the cpany's total costs and costs per unit as given in the relevant tab below 2. Assume that the company produces and sells 84,000 units during the year at a selling price of $9.28 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.) Total cost Variable cost Fixed cost Total cost Cost per unit Variable cost Fixed cost Total cost per unit $ $ S 54,000 Units Produced and Soldi 74,000 118,800 450,000 568,800 $ 0.00 $ 0 S 0.00 $ < Required 1 94,000 0 0.00 Required 2 > < Prev 4 of 5 Next >
Transcribed Image Text:Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] 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 54,000 to 94,000 units is given below. Required: 1. Complete the schedule of the cpany's total costs and costs per unit as given in the relevant tab below 2. Assume that the company produces and sells 84,000 units during the year at a selling price of $9.28 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.) Total cost Variable cost Fixed cost Total cost Cost per unit Variable cost Fixed cost Total cost per unit $ $ S 54,000 Units Produced and Soldi 74,000 118,800 450,000 568,800 $ 0.00 $ 0 S 0.00 $ < Required 1 94,000 0 0.00 Required 2 > < Prev 4 of 5 Next >
Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] 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 54,000 to 94.000 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 84,000 units during the year at a selling price of $9.28 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 84,000 units during the year at a selling price of $9.28 per unit. Prepare a contribution format income statement for the year. Note: Round your intermediate calculations to 2 decimal places. Harris Company Contribution Format Income Statement Sales Variable expenses Contribution margin Fixed expense Net operating income < Required 1 Mua 2 S
Transcribed Image Text:Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] 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 54,000 to 94.000 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 84,000 units during the year at a selling price of $9.28 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 84,000 units during the year at a selling price of $9.28 per unit. Prepare a contribution format income statement for the year. Note: Round your intermediate calculations to 2 decimal places. Harris Company Contribution Format Income Statement Sales Variable expenses Contribution margin Fixed expense Net operating income < Required 1 Mua 2 S
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