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 56,000 to 96,000 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 86,000 units during the year at a selling price of $8.73 per unit. Prepare a contributionformat income statement for the year.Complete this question by entering your answers in the tabs below.Required 1 Required 2Assume that the company produces and sells 86,000 units during the year at a selling price of $8.73 per unit. Prepare acontribution format income statement for the year.Harris CompanyContribution Format Income StatementRequired 2< Required 1 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 56,000 to 96,000 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 86,000 units during the year at a selling price of $8.73 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. (Round the per unitvariable cost and fixed cost to 2 decimal places.)56,000 UnitsProduced andSold76,000 UnitsProduced andSold96,000 UnitsProduced andSoldTotal costs:$$0$Variable costsFixed costsTotal costsCost per unit:Variable costFixed costTotal cost per unit123,200420,000543,200 $0.00 $0 $0.00 $< Required 10.00Required 2 >

Under CVP analysis, variable costs per unit will be the same and the total variable costs will…

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 86,000 units during the year at a selling price of $8.73 per unit. Prepare a contribution format income statement for the year. Complet

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 86,000 units during the year at a selling price of $8.73 per unit. Prepare a contribution format income statement for the year. Complet

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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