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 63,000 to 103,000 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 93,000 units during the year at a selling price of $8.50 per unit. Prepare acontribution format income statement for the year.Complete this question by entering your answers in the tabs below.Required 1Required 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.)63,000 UnitsProduced andSold83,000 UnitsProduced andSold103,000 UnitsProduced andSoldTotal costs:Variable costs$176,400Fixed costs390,000Total costs$566,400Cost per unit:Variable costFixed costTotal cost per unit Assume that the company produces and sells 93,000 units during the year at a selling price of $8.50 per unit. Prepare acontribution format income statement for the year.Harris CompanyContribution Format Income Statement

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 63,000 to 103,000 units is given below:Required:1. Complete the schedule of the company'

Formula: Variable cost per unit = Total Variable cost / Number of units produced ParticularsTotal…

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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 63,000 to 103,000 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 93,000 units during the year at a selling price of $8.50 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2

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 63,000 to 103,000 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 93,000 units during the year at a selling price of $8.50 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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