Harris Company manufactures and sells a single product

Accounting Jan 28, 2021

Harris Company manufactures and sells a single product.

Required:

A partially completed schedule of the company’s total and per unit costs over the relevant range of 63,000 to 103,000 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.)

	Units Produced and Sold
	63,000	83,000	103,000
Total costs:
Variable costs	$226,800
Fixed costs	430,000
Total costs	$656,800	$0	$0
Cost per unit:
Variable cost
Fixed cost
Total cost per unit	$0.00	$0.00	$0.00

Assume that the company produces and sells 93,000 units during the year at a selling price of $9.78 per unit. Prepare a contribution format income statement for the year.