A partially completed schedule of the company's total and per unit costs over a relevant range of 58,000 to 98,000 units produced and sold each year is given below. Complete the schedule of the company's total and unit costs. (Round the "Cost per unit" to 2 decimal places.)
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Units Produced and Sold
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58,000 |
78,000 |
98,000 |
| Total costs: |
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| Variable costs |
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$ 179,800 |
$ |
$ |
| Fixed costs |
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400,000 |
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| Total costs |
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$ 579,800 |
$ |
$ |
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| Cost per unit: |
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| Variable cost |
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$ |
$ |
$ |
| Fixed cost |
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| Total cost per unit |
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$ |
$ |
$ |
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| 2. |
Assume that the company produces and sells 88,000 units during the year at the selling price of $9.23 per unit. Prepare a contribution format income statement for the year. (Input all amounts as positive values except losses which should be indicated by a minus sign.)
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Parker Company
Contribution Format Income Statement |
| (Click to select)Selling expenses,Variable expenses,Fixed expenses,Cash,Sales |
$ |
| (Click to select)Variable expenses,Cash,Sales,Selling expenses,Fixed expenses |
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| (Click to select)Contribution margin,Gross margin,Net operating income,Net operating loss |
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| (Click to select)Selling expenses,Sales,Fixed expensesVariable expensesCash |
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| (Click to select)Net operating loss,Net operating income,Contribution margin,Gross margin |
$ |
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