Hello, Can someone help, please Required: 1. Complete the schedule of the compan

Question

Hello, Can someone help, please

Required:

1. Complete the schedule of the company’s total costs and costs per unit as given in the relevant tab below.

2. Assume that the company produces and sells 97,000 units during the year at a selling price of $9.17 per unit. Prepare a contribution format income statement for the year.

Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range of 67,000 to 107,000 units is given below: Required: 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 97,000 units during the year at a selling price of $9.17 per unit. Prepare a contribution format income statement for the vear Complete this question by entering your answers in the tabs below Required 1Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit varlable cost and fixed cost to 2 decimal places.) Units Produced and Sold 67,000 87,000 107,000 Total costs: 254,600 380,000 634,600$ Variable costs Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per unit 0.00$ 0.00$ 0.00 Required 1 Required 2 >

Explanation / Answer

Requirment 1

Fixed costs in total = Constant

Variable cost per unit = Constant

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Requirment 2

Harris Company

Contribution Format Income Statement

67,000 87,000 107,000 Total costs: Variable costs 254,600 330,600 (87,000*3.8) 406,600 (107,000*3.8) Fixed costs 380,000 380,000 380,000 Total costs 634,600 710,600 786,600 Cost per unit : Variable cost 3.8 3.8 3.8 Fixed cost 5.67 4.37 3.55 Total cost per unit 9.47 8.17 7.35

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