Harris Company manufact A partially completed schedule of the company's total and per unit costs over the relevant range of 53,000 to 93,000 units produced and sold annually is given below: Complete the schedule of the company's total and unit costs. (Round the varlable cost and fixed cost to 2 decimal places.) Total Costs Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost Fixed Cost Total Unit per Cost 2 and sells a single Harris Contribution Format Units Sales Variable Expenses Contribution Margin Fixed Expense 53000 $153700 370000 $523700 ? ? ? Produced & Net Operating Income 73000 ? ? ? ? ? ? Company Assume that the company produces and sells 83,000 units during the year at a selling price of $8.97 per unit. Prepare a contribution format income statement for the year. ? ? ? Sold 93000 ? ? 2 ? ? Income Statement ? ? ?
Harris Company manufact A partially completed schedule of the company's total and per unit costs over the relevant range of 53,000 to 93,000 units produced and sold annually is given below: Complete the schedule of the company's total and unit costs. (Round the varlable cost and fixed cost to 2 decimal places.) Total Costs Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost Fixed Cost Total Unit per Cost 2 and sells a single Harris Contribution Format Units Sales Variable Expenses Contribution Margin Fixed Expense 53000 $153700 370000 $523700 ? ? ? Produced & Net Operating Income 73000 ? ? ? ? ? ? Company Assume that the company produces and sells 83,000 units during the year at a selling price of $8.97 per unit. Prepare a contribution format income statement for the year. ? ? ? Sold 93000 ? ? 2 ? ? Income Statement ? ? ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Harris Company manufactures and sells a single product.
1.
A partially completed schedule of the company's total and per unit costs over the
relevant range of 53,000 to 93,000 units produced and sold annually is given below:
Complete the schedule of the company's total and unit costs. (Round the varlable cost
and fixed cost to 2 decimal places.)
Total Costs
Variable Costs
Fixed Costs
Total Costs
Cost per Unit
Variable Cost
Fixed Cost
Total Unit per Cost
2
Harris
Contribution Format
Sales
Units
Variable Expenses
53000
$153700
370000
$523700
?
?
?
Produced &
Contribution Margin
Fixed Expense
Net Operating Income
73000
?
?
?
?
?
?
Company
Assume that the company produces and sells 83,000 units during the year at a
selling price of $8.97 per unit. Prepare a contribution format income statement
for the year.
?
?
?
Sold
?
93000
?
?
?
?
Income Statement
?
?
?
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