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 58,000 to 98,000 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 the company produces and sells 88,000 units during the year at a selling price of $9.74 per unit. Prepare a contributionformat 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.Units Produced and Sold58,00078,00098,000Total cost:Variable cost$179,800Fixed cost440,000Total cost$619,800Cost per unit:Variable costFixed costTotal cost nor unit

Answered: Harris Company manufactures and sells a…

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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