Parker Company manufactures and sells a single product. A partially completed schedule of the company€™s total and per unit costs over a relevant range of 60,000 to 100,000 units produced and sold each year is given below:

Required:
1. Complete the schedule of the company€™s total and unit costs above.
2. Assume that the company produces and sells 90,000 units during the year at the selling price of $7.50 per unit. Prepare a contribution format income statement for theyear.

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Units Produced and Sold 60,000 80,000 100,000 Total costs: Variable costs .. $150,000 7 Fixed costs 360,000 ? Total costs $510,000 ? Cost per unit: Variable cost. Fixed cost 7 2 2