Exercise 1-11 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 56,000 to 96,000 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 86,000 units during the year at a selling price of $8.66 per unit. Prepare a contribution format income statement for the year. ipped Book Complete this question by entering your answers in the tabs below. Hint Required 2 Required 1 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.) Print Units Produced and Sold erences 76,000 56,000 96,000 Total costs: Variable costs 134,400 Fixed costs 400,000 534,400 $ Total costs Cost per unit: Variable cost Fixed cost $ 0.00 0.00 0.00 Total cost per unit Required 1 Required 2 %24 24 Exercise 1-11 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 56,000 to 96,000 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 86,000 units during the year at a selling price of $8.66 per unit. Prepare a contribution format income statement for the year. ed Complete this question by entering your answers in the tabs below. Required 1 Required Assume that the company produces and sells 86,000 units during the year at a selling price of $8.66 per unit. Prepare a contribution format income statement for the year. Harris Company ces Contribution Format Income Statement < Required 1 Required 2

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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Exercise 1-11 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 56,000 to 96,000 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 86,000 units during the year at a selling price of $8.66 per unit. Prepare a
contribution format income statement for the year.
ipped
Book
Complete this question by entering your answers in the tabs below.
Hint
Required 2
Required 1
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.)
Print
Units Produced and Sold
erences
76,000
56,000
96,000
Total costs:
Variable costs
134,400
Fixed costs
400,000
534,400 $
Total costs
Cost per unit:
Variable cost
Fixed cost
$
0.00
0.00
0.00
Total cost per unit
Required 1
Required 2
%24
24
Transcribed Image Text:Exercise 1-11 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 56,000 to 96,000 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 86,000 units during the year at a selling price of $8.66 per unit. Prepare a contribution format income statement for the year. ipped Book Complete this question by entering your answers in the tabs below. Hint Required 2 Required 1 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.) Print Units Produced and Sold erences 76,000 56,000 96,000 Total costs: Variable costs 134,400 Fixed costs 400,000 534,400 $ Total costs Cost per unit: Variable cost Fixed cost $ 0.00 0.00 0.00 Total cost per unit Required 1 Required 2 %24 24
Exercise 1-11 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 56,000 to 96,000 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 86,000 units during the year at a selling price of $8.66 per unit. Prepare a
contribution format income statement for the year.
ed
Complete this question by entering your answers in the tabs below.
Required 1
Required
Assume that the company produces and sells 86,000 units during the year at a selling price of $8.66 per unit. Prepare a
contribution format income statement for the year.
Harris Company
ces
Contribution Format Income Statement
< Required 1
Required 2
Transcribed Image Text:Exercise 1-11 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 56,000 to 96,000 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 86,000 units during the year at a selling price of $8.66 per unit. Prepare a contribution format income statement for the year. ed Complete this question by entering your answers in the tabs below. Required 1 Required Assume that the company produces and sells 86,000 units during the year at a selling price of $8.66 per unit. Prepare a contribution format income statement for the year. Harris Company ces Contribution Format Income Statement < Required 1 Required 2
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