Minor Company manufactures and sells a single product. A partially completed...
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Accounting
Minor Company manufactures and sells a single product. A partially completed schedule of the company's total and per unit costs over the relevant range of 30,000 to 50,000 units produced and sold annually is given below: Units Produced and Sold 30,000 40.000 50.000 $180,000 300,000 $480,000 ? 2 ? ? ? ? Total costs: Variable costs........ Fixed costs. Total costs Cost per unit: Variable cost. Fixed cost... Total cost per unit....... -||-|-|| cold1 ? ? ? ? ? ? ? 2 Required: 1. Complete the schedule of the company's total and unit costs above. 2. Assume that the company produces and sells 45,000 units during the year at a selling price of $16 per unit. Prepare a contribution format income statement for the year
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