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Harris Company manufactures and sells a single product. A partially completed schedule of the companys...

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Accounting

Harris Company manufactures and sells a single product. A partially completed schedule of the companys total costs and costs per unit over the relevant range of 56,000 to 96,000 units is given below:

Required:

1. Complete the schedule of the companys 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 $8.99 per unit. Prepare a contribution format income statement for the year.

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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 56,000 76,000 96,000 Total costs: Variable cost $ 145,600 Fixed cost 410,000 555,600 Total costs $ $ 0 $ 0 Cost per unit: Variable cost Fixed cost Total cost per unit $ 0.00 $ 0.00 $ 0.00 Required 1 Required 2 Assume that the company produces and sells 86,000 units during the year at a selling price of $8.99 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement

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