Harris Company manufactures and sells a single product.
1. Assume that the company produces and sells 90,000 units during the year at a selling price of $9.48 per unit. Prepare a contribution format income statement for the year.
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Units Produced and Sold
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60000
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80000
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100000
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Total costs:
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Variable costs
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$186,000
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Fixed costs
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$430,000
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Total costs
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$616,000
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$0
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$0
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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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$0.00
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$0
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$0.00
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Required:
1. A partially completed schedule of the company's total and per unit costs over the relevant range of 60,000 to 100,000 units produced and sold annually is given below: Complete the schedule of the company's total and unit costs. (Round the variable cost and fixed cost to 2 decimal places.)