A partially completed schedule of the company\'s total and per unit costs over t

Question

A partially completed schedule of the company's total and per unit costs over the relevant range of 65,000 to 105,000 units produced and sold annually is given. Complete the schedule of the company's total and unit costs below (Round the "total costs" to the nearest dollar amount and the "cost per unit" to 2 decimal places. Omit the "$" sign in your response) :

490,000   

$   

$   

$   

Assume that the company produces and sells 95,000 units during the year at a selling price of $8.7 per unit. Prepare a contribution format income statement for the year. (Input all amounts as positive values. Omit the "$" sign in your response.)

$  

A partially completed schedule of the company's total and per unit costs over the relevant range of 65,000 to 105,000 units produced and sold annually is given. Complete the schedule of the company's total and unit costs below (Round the "total costs" to the nearest dollar amount and the "cost per unit" to 2 decimal places. Omit the "$" sign in your response) :

Explanation / Answer

variable cost 162500 212500 262500

fixed cost 490000 490000 490000

total cost 652500 702500 752500

cost per unit

variable cost 2.5 2.5 2.5

fixed cost 7.54 5.76 4.67

total cost 10.04 8.26 7.17

Income Statement
For the Year Ended

Sales 826500

less variable cost 237500

contribution 589000

less fixed cost 490000

operating income 99000

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