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 68,000 to 108,000 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 98,000 units during the year at a selling price of $8.42 per unit. Prepare acontribution format income statement for the year.Complete this question by entering your answers in the tabs below.Required 1 Required 2Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below.Note: Round the per unit variable cost and fixed cost to 2 decimal places.Total cost:Variable costFixed costTotal costCost per unit:Variable costFixed costTotal cost per unit$$$68,000Units Produced and Sold88,000210,800380,000590,8000.00$$00.00$$108,00000.00

Name: Harris Company manufactures and sells a single product. A partially c
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Description: 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 68,000 to 108,000 units is given below:Required:1. Complete the schedule of the company'

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Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs unit over the relevant range of 68,000 to 108,000 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 98,000 units during the year at a selling price of $8.42 per unit. Prepare a contribution format income statement for the year.

Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs unit over the relevant range of 68,000 to 108,000 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 98,000 units during the year at a selling price of $8.42 per unit. Prepare a contribution format income statement for the year.

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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