Question: Exercise 1 - 1 1 ( Algo ) Cost Behavior; Contribution Format Income Statement [ LO 1 - 4 , LO 1 - 6 ]
Exercise Algo Cost Behavior; Contribution Format Income Statement LO LO
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 to units is given below:
Required:
Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below.
Assume the company produces and sells units during the year at a selling price of $ per unit. Prepare a contribution format income statement for the year.
Complete this question by entering your answers in the tabs below.
Required
Required
Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below.
Note: Round the per unit variable cost and fixed cost to decimal places.
tableUnits Produced and SoldTotal cost:Variable cost$Fixed costTotal cost$$$Cost per unit:Variable costFixed costTotal cost per unit,$$$
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