Please do not give solution in image format thanku 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 perunit over the relevant range of 66,000 to 106,000 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 96,000 units during the year at a selling price of $8.25 per unit. Prepare acontribution format income statement for the year.Complete this question by entering your answers in the tabs below.Required 11 Required 2Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unitvariable cost and fixed cost to 2 decimal places.)Total costVariable costFixed costTotal costCost per unitVariable costFixed costSS66,000Units Produced and Sold86,000217,800340,000557.800100,000 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 perunit over the relevant range of 66,000 to 106,000 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 96,000 units during the year at a selling price of $8.25 per unit. Prepare acontribution format income statement for the year.Complete this question by entering your answers in the tabs below.Required 1 Required 2Assume that the company produces and sells 96,000 units during the year at a selling price of $8.25 per unit. Prepare acontribution format income statement for the year.Note: Round your Intermediate calculations to 2 decimal places.Harris CompanyContribution Format Income Statement

Income Statement :— It is one of the financial statement that shows profitability, total revenue and…

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 66,000 to 106,000 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 96,000 units during the year at a selling price of $8.25 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 11 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) 86,000 Total cost Variable cost Fixed cost Total cost Cost per unit Variable cost Fixed cost S [3] 66,000 217,800 340,000 557.800 100,000

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 66,000 to 106,000 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 96,000 units during the year at a selling price of $8.25 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 11 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) 86,000 Total cost Variable cost Fixed cost Total cost Cost per unit Variable cost Fixed cost S [3] 66,000 217,800 340,000 557.800 100,000

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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