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Units Produced and Sold 51,000 71,000 91,000 ts: le costs %24 117,300 163,300 209,300 costs 360,000 360,000 360,000 ts 477,300 $ 523,300 $ 569,300 unit: %24 %24

Units Produced and Sold 51,000 71,000 91,000 ts: le costs %24 117,300 163,300 209,300 costs 360,000 360,000 360,000 ts 477,300 $ 523,300 $ 569,300 unit: %24 %24

FINANCIAL ACCOUNTING
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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Required 1 Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 51,000 71,000 91,000 Total costs: Variable costs %24 163,300 360,000 209,300 360,000 117,300 Fixed costs 360,000 Total costs 477,300 $ 523,300 $ 569,300 Cost per unit: Variable cost 2.30 2.30 2.30 Fixed cost 7.06 9.36 $ 5.07 3.96 Total cost per unit 7.37 $ 6.26
Transcribed Image Text:Required 1 Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 51,000 71,000 91,000 Total costs: Variable costs %24 163,300 360,000 209,300 360,000 117,300 Fixed costs 360,000 Total costs 477,300 $ 523,300 $ 569,300 Cost per unit: Variable cost 2.30 2.30 2.30 Fixed cost 7.06 9.36 $ 5.07 3.96 Total cost per unit 7.37 $ 6.26
Required 1 Required 2 Assume that the company produces and sells 81,000 units during the year at a selling price of $8.37 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement < Required 1 Requlred 2>
Transcribed Image Text:Required 1 Required 2 Assume that the company produces and sells 81,000 units during the year at a selling price of $8.37 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement < Required 1 Requlred 2>
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