Harris Company manufactures and sells a single product. Required: . A partially

Question

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 59,000 to 99,000 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 59,000 79,000 99,000 Total costs: $129,800 490,000 $ 619,800 Variable costs Fixed costs Total costs Cost per unit Variable cost Fixed cost Total cost per unit

Explanation / Answer

Answer:-1)-

2)-

Number of units Produced & Sold (a) 59000 79000 99000 Total costs Variable costs $ 129800 79000 units*$2.2 per unit=173800 99000 units*$2.2 per unit=217800 Fixed costs $ 490000 79000 units*$6.20 per unit=490000 99000 units*$4.95 per unit=490000 Total costs 619800 663800 707800 Cost per unit Variable Cost 129800/59000=$2.2 per unit $2.2 per unit $2.2 per unit Fixed Cost 490000/59000=$8.31 per unit 490000/79000=$6.20 per unit 490000/99000=$4.95 per unit Total Cost per unit 10.51 8.4 7.15

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