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 variable 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 Units Sales Variable Expenses Contribution Margin 53000 $153700 370000 $523700 ? ? ? Produced & Fixed Expense Net Operating Income 73000 ? ? ? ? ? ? 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 ? ? ? ? Company Income Statement ? ? ?

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 variable 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 Units Sales Variable Expenses Contribution Margin 53000 $153700 370000 $523700 ? ? ? Produced & Fixed Expense Net Operating Income 73000 ? ? ? ? ? ? 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 ? ? ? ? Company Income Statement ? ? ?

Name: Harris Company manufactures and sells a single product.1.A partially
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Description: Harris Company manufactures and sells a single product.1.A partially completed schedule of the company's total and per unit costs over therelevant range of 53,000 to 93,000 units produced and sold annually is given below:Complete the schedule of the

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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