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duberry-sarah
May 11, 2007, 11:15 AM
Execise Cost Behavior: Contribution Format Income Satement

Harris 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 annyally is given below:

Units produced and sold 30,000 40,000 50,000

Total costs:
Variable costs $180,000?
Fixed costs 300,000?

Total cost $480,000?

Cost per unit:
Variable cost?
Fixed cost?

Total cost per unit?

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.

Curlyben
May 11, 2007, 11:22 AM
Please refer to THIS ANNOUNCEMENT (https://www.askmehelpdesk.com/finance-accounting/announcement-read-me-first-expectations-homework-help-board.html)