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 that the company produces and sells 88,000 units during the year at a selling price of $9.10 per unit. Prepare a contributionformat income statement for the year.X Answer is not complete.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.)Units Produced and Sold58,00078,00098,000Total costs:Variable costs$127,600Fixed costs460,000Total costs$587,6002$$Cost per unit:Variable costFixed costTotal cost per unit2$0.00$0.00$0.00< Required 1Required 2 > 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 that the company produces and sells 88,000 units during the year at a selling price of $9.10 per unit. Prepare a contributionformat income statement for the year.X Answer is not complete.Complete this question by entering your answers in the tabs below.Required 1Required 2Assume that the company produces and sells 88,000 units during the year at a selling price of $9.10 per unit. Prepare acontribution format income statement for the year.Harris CompanyContribution Format Income Statement< Required 1Required 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 58,000 to 98,000 units is given below:Required:1. Complete the schedule of the company's

Variable cost per unit will remains same irrespective of number of units and However Total Variable…

Business

Accounting

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 88,000 units during the year at a selling price of $9.10 per unit. Prepare a contribution format income statement for the year.

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 88,000 units during the year at a selling price of $9.10 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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