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 53,000 to 93,000 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 83,000 units during the year at a selling price of $9.29 per unit. Prepare acontribution format income statement for the year.Complete this question by entering your answers in the tabs below.Required 1 Required 2Required 1Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unitvariable cost and fixed cost to 2 decimal places.)Total costVariable costFixed costTotal costCost por unit:Required 2Variable costFixed costTotal cost per unit53,000 UnitsProduced andSold$S$Required 1 Required 273,000 UnitsProduced andSold185,500350,000535,500 $Net operating incomeNet operating loss0.00 $Harris CompanyContribution Format Income Statement270,10093,000 UnitsProduced andSold270,100 $0.00 $344,100Assume that the company produces and sells 83,000 units during the year at a selling price of $9.29 per unit. Prepare acontribution format income statement for the year.Note: Round your intermediate calculations to 2 decimal places.< Required 1344,1000.00Required 2 >

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 53,000 to 93,000 units is given below:Required:1. Complete the schedule of the company's

The variable cost per unit remains constant at every level of production. The total fixed costs also…

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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 53,000 to 93,000 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 83,000 units during the year at a selling price of $9.29 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below.

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 53,000 to 93,000 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 83,000 units during the year at a selling price of $9.29 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below.

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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