Harris Company manufactures and sells a single product. A partially completed schedule of the company's total...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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 52,000 to 92,000 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 82,000 units during the year at a selling price of $9.77 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 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 variable cost and fixed cost to 2 decimal places.) 52,000 Units Produced and Sold 72,000 Units Produced and Sold 92,000 Units Produced and Sold Total cost: Variable cost $ 145,600 Fixed cost 430,000 Total cost $ 575,600 $ 0 $ 0 Cost per unit: Variable cost Fixed cost Total cost per unit 0.00 $ 0.00 $ 0.00 < Required 1 Required 2 > 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 52,000 to 92,000 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 82,000 units during the year at a selling price of $9.77 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company produces and sells 82,000 units during the year at a selling price of $9.77 per unit. Prepare a contribution format income statement for the year. Note: Round your intermediate calculations to 2 decimal places. Harris Company Contribution Format Income Statement < Required 1 Required 2 > 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 52,000 to 92,000 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 82,000 units during the year at a selling price of $9.77 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 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 variable cost and fixed cost to 2 decimal places.) 52,000 Units Produced and Sold 72,000 Units Produced and Sold 92,000 Units Produced and Sold Total cost: Variable cost $ 145,600 Fixed cost 430,000 Total cost $ 575,600 $ 0 $ 0 Cost per unit: Variable cost Fixed cost Total cost per unit 0.00 $ 0.00 $ 0.00 < Required 1 Required 2 > 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 52,000 to 92,000 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 82,000 units during the year at a selling price of $9.77 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company produces and sells 82,000 units during the year at a selling price of $9.77 per unit. Prepare a contribution format income statement for the year. Note: Round your intermediate calculations to 2 decimal places. Harris Company Contribution Format Income Statement < Required 1 Required 2 >
Expert Answer:
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
Students also viewed these accounting questions
-
Momentum [kg-m/s] 1 ? 0.1 0.2 0.3 0.4 0.5 Time [s] Figure 1.21: Momentum as a function of time[1] 22 object is not "in equilibrium," meaning that this time the net force on the object is not zero....
-
Which is not a parasite of the human intestine (a) Ringworm (b) Pinworm (c) Threadworm (d) Tapeworm
-
Refer to Table 2.3, in which data on EPS, DPS, and PPS for JNJ, Merck, and S&P 500 during the period 19882009 are given. Table 2.3 Please calculate the standard deviation for EPS, DPS, and PPS for...
-
In view of Clapeyrons equation and Fig. 3.7, is there something special about ice I versus the other forms of ice?
-
In a study of the relationship between household behavior and shopping behavior, data on the following lifestyle statements were obtained on a 7-point scale (1 = disagree, 7 = agree): V1 I would...
-
Fill in the Blank. In the finite element method, the elements are assumed to be interconnected at certain points known as ____________ .
-
The Tsetsekos Company was planning to finance an expansion in the summer of 2004. The principal executives of the company all agreed that an industrial company such as theirs should finance growth by...
-
How does capitalism fit in with modern business life and how does it impact ethical dilemmas that you have seen or heard of in the workplace? What are two of the most interesting historical ethical...
-
Your neighbor is an engineer and over the weekend he told you about how upset he was that this week her boss decided to put her and 2 other of her co-workers in another department and all she has...
-
The Spitzer Space Telescope, launched in 2003, has a mirror that is \(0.85 \mathrm{~m}\) in diameter and detects infrared light with wavelengths from \(3.00 \mu \mathrm{m}\) to \(180 \mu...
-
When you shine a laser-beam pointer at a wall, why do you see a dot on the wall but not the beam running from pointer to wall (in the absence of dust or mist)?
-
In the interference pattern created by light diffracted from a single slit, which are wider: the first-order bright fringes or the third-order bright fringes? (Plot or plug in typical numerical...
-
A beam of \(650-\mathrm{nm}\) light passes through a small round hole and falls on a screen \(350 \mathrm{~mm}\) past the hole. If the diameter of the Airy disk on the screen is \(139 \mathrm{~mm}\),...
-
When \(440-\mathrm{nm}\) light is incident on a slit that is \(75 \mu \mathrm{m}\) wide, the diffraction pattern is cast on a screen \(0.450 \mathrm{~m}\) from the slit. How wide is the central...
-
In the current year the GHI partnership incurs $60,000 of expenses that qualified as organizational expenses. GHI is a calendar year partnership and begins business in November of the current year....
-
Swifty company is a publicly held corporation whose $1 par value stock is actively traded at $30 per share. The company issued 3400 shares of stock to acquire land recently advertised at $93000. When...
-
Explain why budgets are important to all organizations. Expand this discussion by illustrating how different types of budgets are used.
-
Delineate the steps in attaining state licensure for physicians.
-
Distinguish among licensed practical nurses, certified nurses assistants, and home health aides. What are some of the health care managers challenges with these groups?
Study smarter with the SolutionInn App