Question: Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement (L01-4, LO1-6) Harris Company manufactures and sells a single product. A partially completed schedule of the

 Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement (L01-4, LO1-6)
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

Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement (L01-4, LO1-6) 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 55,000 to 95,000 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 85,000 units during the year at a seling price of $9.37 per unit Prepare a contribution format income statement for the year 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.) 55,000 Units 75,000 Units 95,000 Units Produced and Produced and Produced and Sold Sold Sold Total costs: Variable costs $ 137,500 Fixed costs 440,000 Total costs $ 577,500 Cost per unit: Variable cost Fixed cost Total cost per unit Required 1 Required 2 Assume that the company produces and sells 85,000 units during the year at a selling price of $9.37 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement

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